7510 Mallard Way Santa Fe, NM $ 2,275,000
7510 Mallard Way
$ 2,275,000
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7510 Mallard Way

Santa Fe, NM, 87505
$ 2,275,000
Bedrooms-- Baths-- Sq 10,969
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Property for Rent in Santa Fe, NM

for $2,275,000. This 10,969 square foot property was built in 2008 on a lot size of 0.78.

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.

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Rental Active

Price

$ 2,275,000

Taxes

$ 0

Style

Lot Size

0.78

Year Built

2008

Town/City

Santa Fe

County/Region

Santa Fe

MLS | Web ID

202601680

Features
General
Possession Closing & Funding
Zoning I-1
Security Features Surveillance System
Year Built 2008
Electric 3 Phase
Property Subtype Investment
Current Use Industrial
County Santa Fe
Net Operating Income 193000
Property Type Commercial Sale
Possible Use Residential
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Airport to Oliver to Mallard.
City Santa Fe
Lot Size Units Acres
Lot Size Square Feet 34020.36
Listing Terms Cash Conventional New Loan
MLS Area Minor 13-Airport Road Area
Lease Considered Y/N false
Building Area Units Square Feet
Lease Type NNN
Standard Status Active
Year Built Source Public Records
Property Sub Type Additional Investment
Cap Rate 8.5
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Interior
Basement (Y/N) false
Fireplace Y/N false
Total Baths 0
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Exterior
Water Source Public
Total Parking 23
Lot Size Area 0.78
Building Area Total 10969
Lot Size Acres 0.78
Lot Size Source Survey
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* Excluded Features
List By
Tai Bixby

Listing Agent

Real Estate Advisors, Llc

Broker

tai@tba.team

Email

Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/22/2026$2,275,000 Listed Price

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7510 Mallard Way, Santa Fe, NM, 87505 is a Property for Rent at $2,275,000 with 10,969 sqft and a lot size of 0.78. 7510 Mallard Way was built in 2008. The property's zip code is 87505 which is in Santa Fe, NM