Marquez Plaza

Address:

525 Camino de los Marquez
Santa Fe, New Mexico

Property Type:

Office Building

Square Feet:

37,841

Year Built:

1980; renovated in 2012/2013/2020

Parking Ratio:

4 spaces per 1,000 sf

Occupancy:

100%

Major Tenant(s):

State of New Mexico
Northern Area Local Workforce Board

Capital Improvements:

Since Acquisition, Owner has completed Tenant Improvement work for the State of New Mexico; Exterior Building Renovation and Remodeling including upgrading Common Areas and Bathrooms, Parking Lot Asphalt repair and replacement, New Gates and Perimeter Fencing; New Signage and Entry Keypads, and Painting and Façade Remodel

In Addition, all HVAC units with Distribution systems and New TPO Firestone Roofing System with 20-year Warranty were replaced; and Landscaping

In 2020, all common area bathrooms were completely upgraded and remodeled. In addition, the new premises for tenant were upgraded including an ADA bathroom and a large conference area.

Miscellaneous:

– Best-in-Class Office Property in the area with excellent parking ratio and gated parking
– Outstanding location within walking distance of major retailers such as Whole Foods, Trader Joes, CVS, Walgreens, McDonald’s and Dunkin’ Donuts
– Efficient and reduced Operating Expenses due to the replacement of major components including all HVAC units and roof