Real Estate Advisors, LLC
1197 Parkway Drive, Santa Fe, NM
$2,501,111
11,329
Square feet
0.87
Acres
About 1197 Parkway Drive
NN Lease Investment Opportunity at a 7.25% cap rate. Leased to Performance Maintenance Incorporated (PMI), a regional cleaning and janitorial supply company with annual CPI rent increases. Metal industrial building in the Richard Avenue industrial park with finished office space and high bay warehouse featuring loading dock with dock leveler, covered loading bay, large warehouse space, dock door 10’ X 10’, on grade roll up door 12’ H x 10’ W, fenced paved storage area and paved parking with 27 spaces. Compressed air plumbing in place throughout, needs a compressor. Structure consists of steel beams with no center columns, pro-panel roof and siding, insulation batt interior in the warehouse, drywall interior with hung ceiling in the office, and concrete slab floor. Built circa 1990. Inside clear height is 21'. Zoning is I-1 and allows for office, light industri l, storage, distribution, and more. Regulation of uses per Covenants and Restrictions of the Richards Avenue Business Park which prohibits residential, auto maintenance, junk yards, kennels, noxious, etc. Utilities include gas, 120/240V single phase electric and 480V three phase heavy power, city water, sewer. Warehouse HVAC: hanger heaters in the warehouse, no cooling. Warehouse office has cassette HVAC. Office HVAC: Ducted heating and air conditioning in the office. Total area: 11,329sf± Warehouse area: 8,744sf± Main Office area: 2,118sf± Second Floor Warehouse Office: 466sf±
Features of 1197 Parkway Drive
MLS® # | 202502344 |
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Price | $2,501,111 |
Bathrooms | 0.00 |
Total Square Footage | 11,329 |
Acres | 0.87 |
Year Built | 1990 |
Type | Commercial Sale |
Sub-Type | Industrial |
Status | Active |
Community Information
Address | 1197 Parkway Drive |
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Area | 4N-SF City Limit SWN |
City | Santa Fe |
County | Santa Fe |
State | NM |
Zip Code | 87507 |
Amenities
Utilities | Electricity Available |
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Parking Spaces | 27 |
Parking Features | Parking Available, Parking Lot, Paved |
Is Waterfront | No |
Has Pool | No |
Interior
Fireplace | No |
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Has Basement | No |
Exterior
Exterior | Metal Siding |
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Roof | Metal |
Construction | Metal Siding |
Additional Information
Date Listed | June 10th, 2025 |
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Zoning | I-1 |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Associate Broker | Tai Bixby |
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Office | Real Estate Advisors, LLC |