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1197 Parkway Drive

$2,501,111

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…

Key Features

MLS: 202502344

List Date: 06-10-2025

Status: Active

Area: Southwest City, North

Type: Industrial

Acres: 0.87

Presented By

Cindy Sheff

Cindy Sheff

505.470.6114

Cindy Sheff

Cindy Sheff

505.470.6114

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: 11,329sfWarehouse area: 8,744sfMain Office area: 2,118sfSecond Floor Warehouse Office: 466sf

Additional Features

Construction Materials:Metal Siding

Days on Market:26

Parking Features:Paved, Parking Available, Parking Lot

Parking Spaces:27

Property Type:Commercial Building

Property Sub Type:Industrial

Roof:Metal

Sewage:Public Sewer

Utilities:Electricity Available

Zoning:I-1

About the Neighborhood

Southwest Santa Fe Homes & Land for Sale

Southwest Santa Fe is a shoppers paradise with Target, the Santa Fe Place Mall, Total Wine, several groceries and specialty food shops, Hobby Lobby, Sam’s Club, Super Walmart, Cost Plus World market, PetSmart, Lowes and more. An eclectic mix of chain restaurants and wonderful local favorites abound, such as Puerto Peñasco, the Santa Fe Capitol Grill, El Comal and Horseman’s Haven.

Schools

Listing Brokerage

IDX listing

Tai Bixby

Real Estate Advisors, LLC

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