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Net Leased Industrial Investment 7510 Mallard Way 10,969 SF 100% Leased Flex Building Santa Fe, NM 87507 $3,110,153 CAD ($283.54 CAD/SF) 8.50% Cap Rate
Investment Highlights
- Fully executed 5-year Triple Net lease generating $16,000 per month Base Rent with the tenant responsible for all taxes, insurance, maintenance, utili
- Purpose-built high-specification flex industrial building, circa 2019, offering 10,969 SF± across four suites on a 0.781-acre fully fenced lot with 23
- Four suites each with private office, private restroom, 8'×8' roll-up door, high-ceiling warehouse space, and security shutters — currently interconne
- 8.51% cap rate on first-year Net Operating Income of $193,440, with rent escalating annually at the greater of 3% or CPI-U with a guaranteed 3% floor
- Heavy industrial infrastructure including 3-phase electrical service at 1,600 amps, city water and sewer, natural gas, HVAC, climate and humidity cont
- Full-term personal guarantee from the tenant's principal covering all base rent, real property taxes, insurance premiums, and landlord enforcement cos
Executive Summary
7510 Mallard Way | Santa Fe Airport Business Park | Santa Fe, NM 87507
$2,275,000 | 8.51% Cap Rate | $193,440 First-Year NOI | 10,969 SF± | I-1 Zoning
Fully occupied, income-producing flex industrial building offered as a Triple Net (NNN) investment. Tenant pays all real property taxes, insurance, maintenance, utilities, and operating expenses directly. Landlord receives $16,000 per month Base Rent free and clear with annual escalations of the greater of 3% or CPI-U — a guaranteed inflation hedge built into the lease.
The property is a high-specification flex industrial building constructed circa 2019 on a 0.781-acre fully fenced lot. Four suites (Units A–D), each with private office, private restroom, warehouse space with high ceilings, 8'×8' roll-up door, and security shutters — all currently interconnected and occupied by a single tenant. Heavy infrastructure includes 3-phase electrical service at 1,600 amps, city water and sewer, natural gas, HVAC with climate and humidity control, floor drains, and uni-strut ceilings. 23 paved parking spaces. Lease personally guaranteed for the full initial term. Annual rent escalations. Right of First Refusal on sale.
$2,275,000 | 8.51% Cap Rate | $193,440 First-Year NOI | 10,969 SF± | I-1 Zoning
Fully occupied, income-producing flex industrial building offered as a Triple Net (NNN) investment. Tenant pays all real property taxes, insurance, maintenance, utilities, and operating expenses directly. Landlord receives $16,000 per month Base Rent free and clear with annual escalations of the greater of 3% or CPI-U — a guaranteed inflation hedge built into the lease.
The property is a high-specification flex industrial building constructed circa 2019 on a 0.781-acre fully fenced lot. Four suites (Units A–D), each with private office, private restroom, warehouse space with high ceilings, 8'×8' roll-up door, and security shutters — all currently interconnected and occupied by a single tenant. Heavy infrastructure includes 3-phase electrical service at 1,600 amps, city water and sewer, natural gas, HVAC with climate and humidity control, floor drains, and uni-strut ceilings. 23 paved parking spaces. Lease personally guaranteed for the full initial term. Annual rent escalations. Right of First Refusal on sale.
Property Facts
Amenities
- Fenced Lot
- Signage
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Critical Solutions
- Agriculture, Forestry, Fishing and Hunting
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Critical Solutions | Agriculture, Forestry, Fishing and Hunting | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
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Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 910008788 | Improvements Assessment | $1,307,004 CAD |
| Land Assessment | $237,687 CAD | Total Assessment | $1,544,690 CAD |
Property Taxes
Parcel Number
910008788
Land Assessment
$237,687 CAD
Improvements Assessment
$1,307,004 CAD
Total Assessment
$1,544,690 CAD
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Net Leased Industrial Investment | 7510 Mallard Way
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