13
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$2,275,000
Est. payment /mo
0.78 Acres Lot
New
7510 Mallard WAY Santa Fe, NM 87505
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202601680
HOA Y/N No
Year Built 2008
Lot Size 0.780 Acres
Acres 0.78
Property Sub-Type Investment
Property Description
SINGLE-TENANT TRIPLE NET INDUSTRIAL INVESTMENT 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 remodeled 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. Tenant has Right of First Refusal on sale.
Location
State NM
County Santa Fe
Zoning I-1
Interior
Fireplace No
Exterior
Water Access Desc Public
Present Use Industrial
Total Parking Spaces 23
Private Pool No
Building
Water Public
Others
Tax ID 910008788
Security Features Surveillance System
Acceptable Financing Cash, Conventional, New Loan
Listing Terms Cash, Conventional, New Loan
Special Listing Condition Standard
Listed by Tai Bixby • Real Estate Advisors, LLC
Nearby Locations
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