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1399 Diamond Drive 1399 Diamond Dr 7,671 SF of Retail Space Available in Los Alamos, NM 87544
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 7,671 SF | Negotiable | $2.50 /SF/YR $0.21 /SF/MO $19,178 /YR $1,598 /MO | Triple Net (NNN) |
1st Floor
Rare Commercial Land Opportunity | Prime Hard Corner Redevelopment Site Russ NM LLC is pleased to present 1399 Diamond Drive, a rare commercial land opportunity located on a signalized hard corner in the heart of Los Alamos, New Mexico. The property is ideally positioned between Los Alamos High School and the University of New Mexico – Los Alamos campus along one of the community’s primary traffic corridors connecting residential neighborhoods to Los Alamos National Laboratory. The site consists of approximately 37,983 SF and is available for ground lease for redevelopment. The adjacent parcel at 1377 Diamond Drive may also be included, creating a combined assemblage totaling approximately 73,872 SF. This property represents one of the few remaining redevelopment opportunities in Los Alamos. The original 1950s-era structures have recently been removed, making the site available for redevelopment for the first time in over 70 years. Property Highlights • Rare signalized hard corner in Los Alamos • Located between Los Alamos High School and UNM-LA • Strong commuter traffic corridor serving LANL workforce • Extremely limited commercial land supply in Los Alamos • Flexible commercial redevelopment potential • Available as ±37,983 SF or combined ±73,872 SF assemblage • Existing paved parking and utility access nearby • High-income, highly educated demographic base • Excellent visibility and access Available Parcels & Lease Rates 1399 Diamond Drive • ±37,983 SF • Ground Lease Rate: $2.50/SF annually • Approximate Monthly Rent: $7,900 1377 Diamond Drive (Adjacent Parcel) • ±35,899 SF • Ground Lease Rate: $2.00/SF annually • Approximate Monthly Rent: $5,980 Combined Assemblage • ±73,872 SF • Approximate Monthly Rent: $13,880 Los Alamos Market Overview Los Alamos is home to Los Alamos National Laboratory, one of the nation’s premier scientific and research institutions. The area benefits from a highly educated workforce, strong household incomes, and significant daily commuter traffic into the community. The property is located within a trade area featuring strong demographics, including average household incomes exceeding $150,000 within 10 miles and daytime population supported by LANL and related industries. Broker Cooperation Owner will pay a commission to a properly registered buyer’s/tenant’s agent equal to 3% of net lease payments during the initial lease term, not to exceed: • $50,000 for lease of 1399 Diamond Drive only • $85,000 for combined lease of 1399 and 1377 Diamond Drive Contact Russell Ross Managing Member – Russ NM LLC 719-641-7858 RussNMLLC@gmail.com
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 1399 Diamond Drive
- Tenant
- Description
- US Locations
- Reach
- Zia Realty Group
- Real Estate
- 1
- -
| Tenant | Description | US Locations | Reach |
| Zia Realty Group | Real Estate | 1 | - |
Property Facts
| Total Space Available | 7,671 SF | Gross Leasable Area | 7,671 SF |
| Property Type | Retail | Year Built | 1967 |
| Total Space Available | 7,671 SF |
| Property Type | Retail |
| Gross Leasable Area | 7,671 SF |
| Year Built | 1967 |
Presented by
R & M Investments LLC
1399 Diamond Drive | 1399 Diamond Dr
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