TITLE:
Medical Office - Santa Fe Hospital Zone
CONTROL:
Exclusive
VALUE:
$1,000,000
LOAN:
$515,000
EQUITY:
$485,000
TYPE:
Office Building
HAVE:
75% occupied medical office. Anchor tenant Med Spa. 30% vacant but can be leased quickly. Building needs some updates and room for escalated rents.
ADDRESS:
546 Harkle Road, Santa Fe, New Mexico
BENEFITS TO NEW OWNER:
Easy to lease space in high demand area. Long term anchor tenant. Value add possible once fully leased.
OTHER FILES:
GROSS SCHEDULED INCOME:
$136,000 Projected
VACANCY LOSS:
$6,800
GROSS EFFECTIVE INCOME:
$129,200
EXPENSES:
$50,000
NOI:
$79,200
DEBT SERVICE:
$48,000
CASH FLOW:
$31,200
CAP RATE:
7.92%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$535,000
$4,000
5%
06/30/2027
No
BENEFITS SOUGHT:
Exit. Could finance with large down on a short call.
REMARKS:
This impressive 6,928-square-foot office building in the heart of Santa Fe's medical hub presents an exceptional investment opportunity! Currently 75% occupied, this property offers immediate rental income with room to increase occupancy.
COUNSELOR:
Michael Schlichte
Absolute Real Estate
1100 Alameda Blvd. NW Ste.4
Albuquerque, New Mexico, 87114
