216 Paseo Del Cañon E 218 Plaza del Canon E

Overview

This offering provides an opportunity to acquire an income producing property in Taos, NM. Located on the south side of Taos with multiple surrounding projects currently being developed, including a new SID's Grocery, and a $19 Million health clinic. The property is currently subject to a ten year lease with over seven years of remaining term. The tenant, a well established non profit occupies 77% of the leasable area at a competetive, replaceable rent. Priced at $80.00 per square foot. The remainder of leasable space is occupied by the property owner, which if leased at market rent would substantially increase cash flow (see pro forma). The buildings murals, painted by renown street artist, Scripture Heaton, provide for a memorable landmark.