Plaza Mercado Santa Fe Shopping Center Investment

Overview

Plaza Mercado is a three-level mixed-use commercial block of approximately 60,576 SF on 0.824 acres in the heart of downtown Santa Fe. The property was assembled from original structures dating to 1890, 1942 and approximately 1960, combined and substantially renovated in 1982 into a single interconnected building with entrances from West San Francisco Street, Galisteo Street and West Water Street.The building is configured as 58 commercial suites, of which 55 are occupied. Suite sizes and configurations vary widely across the three levels and accommodate retail, restaurant, service and office users. Vertical circulation is served by one elevator together with interior stairs. There is no dedicated on-site parking; the property is served by public and private parking in the surrounding downtown district.The property occupies most of the square bounded by West San Francisco Street, Galisteo Street and West Water Street, one half block west of the Santa Fe Plaza. West San Francisco Street is the primary pedestrian retail street of the downtown core, and the block sits within the walking district that serves the Plaza, the Lensic Performing Arts Center, Burro Alley and the Railyard corridor.Property is in foreclosure and receivership. Sale subject to approval by the court and the receiver. Seller has limited knowledge of the recent financial performance of the property and its physical condition due to the receivership. Buyer must perform due diligence with limited information provided by Seller and Receiver and obtain its own information to be satisfied with the property. Seller will be limited in its ability to make representations and warranties upon sale.Financial information is confidential and available to qualified purchasers and their brokers.