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Unit A 3600 Rodeo Ln 3,960 SF Office Building Santa Fe, NM 87507 $1,982,739 CAD ($500.69 CAD/SF) 6.50% 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
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Absolute Investment Realty has been selected as the exclusive representative for the absolute NNN sale-leaseback of this attractive medical office building located on Rodeo Rd, in the heart of Santa Fe, NM. Nestled in the Sangre-DeCristo mountains, Santa Fe is the state capital, and the premier destination for vacationers and art and southwestern jewelry buyers, making it one of the highest barrier to entry markets in the United States.?
This property is located 3 miles from Northern New Mexico’s newest and largest regional medical center, Presbyterian Santa Fe Medical Center and 4.3 miles from Northern New Mexico’s 2nd largest regional medical center, Cristus St. Vincent Regional Medical Center.?
The Property is a stand-alone building that is part of a professional office & medical office condominium association in a very desirable area of Santa Fe. The immediate trade area includes Santa Fe’s largest regional mall and power center, both less than 0.25 mi away, and Sam’s Club, located directly across the street.?
Absolute Investment Realty has been selected as the exclusive representative for the absolute NNN sale-leaseback of this attractive medical office building located on Rodeo Rd, in the heart of Santa Fe, NM. Nestled in the Sangre-DeCristo mountains, Santa Fe is the state capital, and the premier destination for vacationers and art and southwestern jewelry buyers, making it one of the highest barrier to entry markets in the United States.?
This property is located 3 miles from Northern New Mexico’s newest and largest regional medical center, Presbyterian Santa Fe Medical Center and 4.3 miles from Northern New Mexico’s 2nd largest regional medical center, Cristus St. Vincent Regional Medical Center.?
The Property is a stand-alone building that is part of a professional office & medical office condominium association in a very desirable area of Santa Fe. The immediate trade area includes Santa Fe’s largest regional mall and power center, both less than 0.25 mi away, and Sam’s Club, located directly across the street.?
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
3,960 SF
Building Class
B
Year Built
2004
Price
$1,982,739 CAD
Price Per SF
$500.69 CAD
Cap Rate
6.50%
NOI
$128,878 CAD
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
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 910008918 | Improvements Assessment | $829,745 CAD |
| Land Assessment | $0 CAD | Total Assessment | $829,745 CAD |
Property Taxes
Parcel Number
910008918
Land Assessment
$0 CAD
Improvements Assessment
$829,745 CAD
Total Assessment
$829,745 CAD
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Unit A | 3600 Rodeo Ln
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