About 7510 Mallard Way
SINGLE-TENANT TRIPLE NET INDUSTRIAL INVESTMENT 8.51% Cap Rate | $193,440 First-Year NOI | 10,969 SF± | I-1 Zoning. Fully occupied, income-producing flex industrial building offered as a Triple Net (NNN) investment. Tenant pays all real property taxes, insurance, maintenance, utilities, and operating expenses directly. Landlord receives $16,000 per month Base Rent free and clear with annual escalations of the greater of 3% or CPI-U — a guaranteed inflation hedge built into the lease. The property is a high-specification flex industrial building remodeled circa 2019 on a 0.781-acre fully fenced lot. Four suites (Units A–D), each with private office, private restroom, warehouse space with high ceilings, 8'×8' roll-up door, and security shutters — all currently interconnected and occupied by a single tenant. Heavy infrastructure includes 3-phase electrical service at 1,600 amps, city water and sewer, natural gas, HVAC with climate and humidity control, floor drains, and uni-strut ceilings. 23 paved parking spaces. Lease personally guaranteed for the full initial term. Annual rent escalations. Tenant has Right of First Refusal on sale.
Features of 7510 Mallard Way
| MLS® # | 202601680 |
|---|---|
| Price | $2,275,000 |
| Bathrooms | 0.00 |
| Square Footage | 10,969 |
| Acres | 0.78 |
| Year Built | 2008 |
| Type | Commercial Sale |
| Sub-Type | Investment |
| Status | Active |
Community Information
| Address | 7510 Mallard Way |
|---|---|
| Area | 13-Airport Road Area |
| City | Santa Fe |
| County | Santa Fe |
| State | NM |
| Zip Code | 87505 |
Amenities
| Parking Spaces | 23 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Additional Information
| Date Listed | April 22nd, 2026 |
|---|---|
| Days on Market | 52 |
| Zoning | I-1 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Tai Bixby |
|---|---|
| Office | Real Estate Advisors, LLC |