7510 Mallard Way

$2,275,000

1 of 13

7510 Mallard Way

$2,275,000

Contact Presenting Broker

    Adrienne DeGuere

    (505) 310-8053

    Adrienne DeGuere

    Key Features

    • MLS: 202601680
    • Status: Active
    • Price: $2,275,000
    • Area: 13-Airport Road Area
    • Type: Investment
    • Acres: 0.78

    About this Property

    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.

    Additional Features

    • Type Investment
    • Parking Spaces23
    • Security FeaturesSurveillance System

    Neighborhoods

    Santa Fe City Southwest

    Santa Fe city southwest, the largest area of Santa Fe and still growing…. West SideThis older, family neighborhood features an eclectic mix of commercial development and mid-priced adobe structures. St. Anne's Church and Larragoite Elementary School help create a community atmosphere. Barrio de la CanadaClose to town and just west of the…

    Schools

    Listing Brokerage

    IDX listing

    Tai Bixby

    Real Estate Advisors, LLC

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