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Unit A 3600 Rodeo Ln 3,960 SF Office Building Santa Fe, NM 87507 $1,457,000 ($367.93/SF) 7% Cap Rate
Investment Highlights
- Single Tenant - Net Leased Medical
- Term Commenced Jan 1, 2025
- Located Near 2 Large Hospitals
- 10 Year Initial Term
- Strong National Credit Tenant
- Recently Renovated in 2022
Executive Summary
Absolute Investment Realty has been selected as the exclusive representative for the NNN sale-leaseback of this attractive medical office building located in the heart of Santa Fe. This property is convenient to I-25 and near Santa Fe’s 2 largest hospitals (Christos St. Vincent Regional Medical Center, Presbyterian Santa Fe Medical Center). This asset is an opportunity to own real estate in the prestigious and high-barrier to entry market of Santa Fe, NM.
New Lease Effective with Allevio Care, a nationwide. See Investment Summary and About the Tenant for more information.
New Lease Effective with Allevio Care, a nationwide. See Investment Summary and About the Tenant for more information.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
3,960 SF
Building Class
B
Year Built
2004
Price
$1,457,000
Price Per SF
$367.93
Cap Rate
7%
NOI
$102,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,960 SF
Building FAR
0.06
Lot Size
1.57 AC
Parking
12 Spaces (3.03 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Property Taxes
| Parcel Number | 910008918 | Improvements Assessment | $605,415 |
| Land Assessment | $0 | Total Assessment | $605,415 |
Property Taxes
Parcel Number
910008918
Land Assessment
$0
Improvements Assessment
$605,415
Total Assessment
$605,415
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Unit A | 3600 Rodeo Ln
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