599 & Airport Road

Industrial for Sale
Catylist Listing ID: 30019544
Property Subtypes: Light Industrial
Building Size (RSF): 14,462 SF
Gross Building Area: 15,000 SF
Gross Land Area: 1.75 Acres
Sale Price: $1,250,000
Unit Price: $86.43 PSF
Ceiling: 16.5 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: 599 Bypass & Airport Road
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 95
Last Updated: 10/7/2018

Overview / Comments

Industrial Office Warehouse building located on the corner of Hwy 599 & Airport Road. This property is exceptional for distribution, truck terminal, manufacturing & warehouse use. The property has a loading dock, large truck turn-around and secure fenced storage yard. Additional acreage, (+/-) 1 Acre of extra land, possible for purchase for future growth. Excellent access to I-25 and Hwy 599 - Quick to Albuquerque. 12 months forward NOI is $99,792.

Attachments & Media

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $9,180 (Annual)
Gross Operating Income $123,960 (Annual)
Net Operating Income $99,792 (Annual)
Actual or Proforma Year Proforma
Lender Name Nusenda Credit Union

Additional Details

Nearest MSA: Santa Fe
County: Santa Fe
Tax ID/APN: 1047095112245000000
Market Type: Medium
Property Located Between: Hwy 599 & Airport Road
Road Type: Paved
Highway Access: Easy access to Hwy. 599 and Interstate 25
Airports: Santa Fe Airport within 2 miles/Albuquerque Airport 68 miles
Site Description: Warehouse space complete with loading dock, large truck turn around and 14'+/- rolling loading dock doors.
Area Description: In the expansive fast growing Southwest section of Santa Fe
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Fair
Construction/Siding: Metal Siding
Parking Type: Surface
Heat Type: Propane
Heat Source: Wall Units, Ceiling Units
Zoning Description: i-2
Water Service: Well
Sewer Type: Septic
Land Ownership: fee

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,723 28,542 55,484
Median Age: 30.37 31.49 35.79
Households: 2,348 9,771 20,611
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.