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2884 Trades West Rd 15,000 SF Industrial Building Santa Fe, NM 87507 $1,800,000 ($120/SF)
Investment Highlights
- Fully leased industrial center with nine established tenants
- Flexible month-to-month lease structure ideal for repositioning
- Current rents significantly below market, offering strong upside
- Prime Santa Fe location with easy access to major business corridors
Executive Summary
This is a rare chance to acquire a fully occupied industrial business center in the heart of Santa Fe’s Trades West corridor. The property spans approximately 15,876 square feet and is currently 100% leased to nine tenants, including long-standing local businesses. With rents averaging $8 per square foot—well below the current market range of $14 to $16 per square foot—this asset offers immediate upside for investors seeking value-add opportunities.
The center’s flexible layout and smaller suite sizes make it highly desirable for local entrepreneurs and service providers. Its largest tenant, Iglesia Ciudad, occupies nearly 5,000 square feet, while smaller suites cater to niche businesses such as Santa Fe Barber Company and DNA Merchandising. All leases are month-to-month, providing a unique advantage for repositioning or owner-user conversion.
Strategically located near major thoroughfares and within minutes of Santa Fe’s vibrant commercial districts, this property combines stability with growth potential. Investors can capitalize on strong regional demand for industrial space, adjust rents to market levels, or repurpose the building for their own operations. With two scheduled showings and a bid process opening mid-December, this is an opportunity that won’t last long.
The center’s flexible layout and smaller suite sizes make it highly desirable for local entrepreneurs and service providers. Its largest tenant, Iglesia Ciudad, occupies nearly 5,000 square feet, while smaller suites cater to niche businesses such as Santa Fe Barber Company and DNA Merchandising. All leases are month-to-month, providing a unique advantage for repositioning or owner-user conversion.
Strategically located near major thoroughfares and within minutes of Santa Fe’s vibrant commercial districts, this property combines stability with growth potential. Investors can capitalize on strong regional demand for industrial space, adjust rents to market levels, or repurpose the building for their own operations. With two scheduled showings and a bid process opening mid-December, this is an opportunity that won’t last long.
Property Facts Under Contract
| Price | $1,800,000 | Rentable Building Area | 15,000 SF |
| Price Per SF | $120 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1970 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 1.33/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 14 |
| Lot Size | 0.84 AC | Opportunity Zone |
Yes
|
| Zoning | I-2 - Industrial District | ||
| Price | $1,800,000 |
| Price Per SF | $120 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.84 AC |
| Rentable Building Area | 15,000 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Tenancy | Single |
| Parking Ratio | 1.33/1,000 SF |
| No. Drive In / Grade-Level Doors | 14 |
| Opportunity Zone |
Yes |
| Zoning | I-2 - Industrial District |
1 1
Fairly walkable
50/100
Very drivable
80/100
Minimal public transit
10/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 016006740 | Improvements Assessment | $1,142,063 |
| Land Assessment | $235,652 | Total Assessment | $1,377,715 |
Property Taxes
Parcel Number
016006740
Land Assessment
$235,652
Improvements Assessment
$1,142,063
Total Assessment
$1,377,715
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2884 Trades West Rd
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