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13201 Highway 6

1,860 SF 100% Leased Office Building Santa Fe, TX 77510 £219,008 (£118/SF) 9.49% Net Initial Yield

Investment Highlights

  • Heavy drive by traffic
  • Two entrances providing access for a sub-lease
  • Divided rooms for offices or back office storage
  • New AC, recently remodeled

Executive Summary

Prime location on Hwy 6 in the heart of Santa Fe. Heavy drive by traffic. (photos are for reference only, the interior has been recently painted and a couple of walls have been removed to open the useable space)

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £20,344 £10.94
Other Income - -
Vacancy Loss £2,034 £1.09
Effective Gross Income £18,309 £9.84
Taxes £4,829 £2.60
Operating Expenses £1,819 £0.98
Total Expenses £6,648 £3.57
Net Operating Income £11,661 £6.27

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £20,344
Annual Per SF £10.94
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual £2,034
Annual Per SF £1.09
Effective Gross Income
Annual £18,309
Annual Per SF £9.84
Taxes
Annual £4,829
Annual Per SF £2.60
Operating Expenses
Annual £1,819
Annual Per SF £0.98
Total Expenses
Annual £6,648
Annual Per SF £3.57
Net Operating Income
Annual £11,661
Annual Per SF £6.27

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Portfolio Sale
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
1,860 SF
Building Class
B
Year Built/Renovated
1969/2017
Price
£219,008
Price Per SF
£118
Net Initial Yield
9.49%
NOI
£20,774
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
1,860 SF
Building FAR
0.25
Lot Size
0.17 AC
Zoning
Commercial - City Zoning and permitting requirements
Parking
6 Spaces (3.23 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Reception
  • Central Heating
  • Partitioned Offices
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1095-0000-0334-003
Land Assessment
£32,886
Improvements Assessment
£157,538
Total Assessment
£190,425
Annual Taxes
£4,829 (£2.60/sf)
Tax Year
2023 Payable 2024
  • Listing ID: 31918298

  • Date on Market: 24/05/2024

  • Last Updated:

  • Address: 13201 Highway 6, Santa Fe, TX 77510

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