Downtown Santa Fe Office Investment

• Attractive 2 story office property in downtown Santa Fe. Originally a house built in 1945, previously converted to office space with 8 offices, 2 bathrooms and a wet bar/kitchenette. Wood and tile floors and wooden architectural staircase create a professional, classy feel. Offered fully leased as an investment, below appraised value.
• BCD Zoning allows for residential, office, retail, restaurant, hospitality and more.
• Excellent location just a few doors down from the Georgia O’Keeffe Museum, El Dorado Hotel, Terra Cotta Restaurant, Santa Fe Cooking School. 2 blocks from the Historic Santa Fe Plaza, the Santa Fe River and 4 blocks from the Railyard which can be accessed on the newly rebuilt Guadalupe Street pedestrian corridor.
• Leased to Civitas Resources, an oil exploration company, until November 2026.  Tenant has 2 additional renewal terms of 3 years each with regular rent escalations.
• Parking: 4+ paved spaces
•  Historic status: noncontributing. Any changes are subject to review by Historic Design Review Board.

Current Financials

Gross Rents: $54,207 ($21.37/sf)

Taxes: $9,272

Insurance:  $1,902

Total Expenses: $11,174/year ($4.40/sf)