3811 Cerrillos Rd - Storefront FOR SALE


Santa Fe, NM 87507- Southwest Santa Fe
$5,295,754 USD
505-837-4955
3811 Cerrillos Rd, Santa Fe, NM for Sale
$5,295,754 USD
Storefront - FOR SALE
1/5
null | 7% Cap Rate

3811 Cerrillos Rd
Santa Fe, NM 87507
Southwest Santa Fe


HIGHLIGHTS

  • 3811 (100% fee simple) & 3875 Cerrillos (leasehold interest - ground lease) being offered together 18,135rsf

OVERVIEW

CBRE is pleased to offer to qualified investors the opportunity to acquire 100% fee simple interest in Plaza East Shopping Center (3811 Cerrillos Rd.) and leasehold interest in De Arcos Shopping Center (3875 Cerrillos Rd.) in Santa Fe, New Mexico. Comprised of primarily medical services tenancy, the properties offer an investor a predictable income stream from existing tenancy and upside value with lease-up potential. Two (2) retail strip center buildings exceptionally positioned along major Santa Fe, NM arterial, Cerrillos Rd. (51,096 VPD). Both properties command unobstructed visibility and access. Located along the premier retail corridor in the high growth south side of Santa Fe. These two in-line Strip Center buildings are a part of a larger Community Shopping Center. Surrounding tenants include: Lowe’s Home Improvement, Sprouts Farmers Market, Sam’s Club, Target, Albertson’s, Ulta Beauty, Five Below, TJ Maxx, Total Wine, Ross, Michael’s, Best Buy, PetSmart, Dillard’s, JC Penny, H&M. National Restaurant Area Retailers: Chili’s, Olive Garden, Buffalo Wild Wings & Panera Bread. Plaza East and De Arcos Shopping Center are located in close proximity to a substantial concentration of existing and planned residential and commercial development on Santa Fe’s growing south side. Additionally, the properties are 3 miles from Interstate 25 & Cerrillos Rd. exit; the first exit to Santa Fe f rom Albuquerque.

FOR SALE DETAILS

PRICE

$5,295,754 USD

PRICE/SF

$549 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plaza East Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

-

APN/PARCEL ID

016010007

ASK ABOUT THIS PROPERTY

James DountasCBRE, Inc.More Info
505-837-4955

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James DountasCBRE, Inc.More Info
505-837-4955

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.