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3777 Cerrillos Rd 5,473 SF 100% Leased Retail Building Santa Fe, NM 87507 $3,017,687 ($551.38/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Hard Corner of Cerrillos Rd & Vegas Verdes Dr
- Major Santa Fe trade area
- Surrounded by established neighborhoods as well as new development and growth
- Freestanding Retail Building
- High barrier to entry Santa Fe market
EXECUTIVE SUMMARY
Exceptional opportunity to own a multi-tenant building in the Santa Fe market. The property consists of 5,473± square feet on ±0.77 acres at one of Santa Fe’s top intersections. Three separate national, credit tenants occupy the three suites. Located at the NEC of Cerrillos Road and Vegas Verdes Dr. (51,096 VPD on Cerrillos), the tenants have been successfully operating at this location. Surrounded by new and existing residential developments, a regional mall of 569,500± SF, Target, Sam’s Club, Home Depot, Walmart, Lowe’s, Regal Theaters, Sprouts, Albertson’s and countless others, this site serves the immediate Santa Fe consumer as well as the consumer living outside of the market but, working in Santa Fe.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,473 SF
Building Class
B
Year Built
2002
Price
$3,017,687
Price Per SF
$551.38
Cap Rate
5.75%
NOI
$173,517
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
0.78 AC
Opportunity Zone
Yes
Zoning
C-2 - Community Commercial Zone
Parking
47 Spaces (8.59 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Courtyard
- Pylon Sign
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 018601517 | Improvements Assessment | $450,947 |
| Land Assessment | $503,115 | Total Assessment | $954,062 |
PROPERTY TAXES
Parcel Number
018601517
Land Assessment
$503,115
Improvements Assessment
$450,947
Total Assessment
$954,062
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3777 Cerrillos Rd
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