Updated Oct 28, 2024
CTO Realty Growth, Inc. Acquires Mixed-use Property In Santa Fe For $21.5M
150 Washington Avenue, Santa Fe, New Mexico 87501, United States
$21,500,000
$1,000/SF
Building Size
21,500 SF
Asset Type
Mixed-use
Closing
Dec 20, 2021
About this deal
AI
The mixed-use property located at 150 Washington Ave. in Santa Fe, NM has been sold in a closed transaction. The property spans across 1.5 acres and features a total area of 21,500 square feet. The sale took place on 12/21/2021 at a price of $21,500,000, resulting in a price per square foot of $1000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $21,500,000
- Address: 150 Washington Ave., Santa Fe, NM
- Market: Santa Fe, NM
- Acres: 1.5
The buyer for this transaction was CTO Realty Growth, Inc., represented by John P. Albright.
Santa Fe Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93