This property is Off-Market

2945 Rodeo Park Drive East
Santa Fe, NM 87505 ·

26,156 SF · Office For Sale

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FBI/IRS Building

Price N/A Occupancy 66%
Building Size 26,156 SF No. Stories 2
Property Type Office Building Class A
Property Sub-type
Office Building
More...
  • Institutional/ Governmental
Tenancy Multiple
Property Use Type Investment Year Built 2001
Cap Rate 9% Lot Size 1.05 AC
Listing ID: 14268415 Date Created: 07/13/2005 Last Updated: 10/31/2012

Description

Built in 2001, this class A/B+ office building has two government and one credit tenant lease and is 34% vacant. CAP RATE SHOWN IS PRO FORMA BUILDING AT 95% OCCUPIED. Pro Forma CAP includes Price+ build-out and commission costs Actual, current CAP on in-place income is 6.02% FBI lease expires 30-Sep-14, IRS lease expires 30-Sep-13 and Northrup Grumman expires 30-Sep-08.

Building is located in prestigious Rodeo Road Business Park. Rodeo Road Business Park is located next to the location of US 285 and I-25 in South Santa Fe.

Highlights

  • 9.0% pro forma CAP at 95% occupancy
  • 6.2% actual CAP on Actual Occupancy
  • Considerable Up-side with 34% to Lease
  • 87 Parking Spaces

Research

2945 Rodeo Park Drive East, Santa Fe, NM 87505 (Santa Fe County)

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