Exceptional Industrial Investment Offering

1259 Siler Rd, Santa Fe, NM 87507

  • For Sale $3,719,286
  • Property Type Industrial
  • Property Size 21,400 SF
  • Lot Size 1 Acre
  • Cap Rate % 7
  • NOI / YR $260,350.00
  • Zoning I-2
  • Date Updated May 12, 2025

Exceptional investment opportunity in Santa Fe, New Mexico. Located at 1259 Siler Road, this fully leased, industrial/flex property offers a rare chance to acquire a high-performing asset in one of the city’s most established and supply-constrained commercial corridors. The site features 18,200 square feet of functional space, 3,200 square feet of rear storage, and sits on a fully improved one-acre parcel with I-2 zoning, within a federally designated Opportunity Zone. The property is leased to JMT North LLC d.b.a. Johnstone Supply, a nationally recognized HVAC/R distributor with 450+ locations and over $2 billion in annual revenue. Johnstone Supply has occupied the site since 2008, demonstrating strong tenant stability. The lease includes 4% annual rent increases, starting at $252,000, in 2026 and rising to nearly $295,000 by 2030. Santa Fe’s industrial market fundamentals are robust, with a vacancy rate of just 1.28% and limited new supply. The building’s flexible layout supports both warehouse and office use, appealing to a wide range of tenants. I-2 zoning further expands allowable uses, offering downside protection and adaptability. Its location in an Opportunity Zone also provides qualified investors with potential tax advantages—from capital gains deferral to possible exclusion on appreciation. Backed by a long-term, institutional-grade tenant and strong market dynamics, 1259 Siler Road presents a compelling opportunity for both stable income and long-term value creation. Seller is a NM Real Estate Licensee.

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Attachments

Highlights

  • Its location in an Opportunity Zone also provides qualified investors with potential tax advantages—from capital gains deferral to possible exclusion on appreciation.
  • On Siler Road
  • Offers a rare chance to acquire a high-performing asset in one of the city’s most established and supply-constrained commercial corridors
  • The site features 18,200 square feet of functional space, 3,200 square feet of rear storage, and sits on a fully improved one-acre parcel with I-2 zoning, within a federally designated Opportunity Zone.
  • The property is leased to JMT North LLC d.b.a. Johnstone Supply, a nationally recognized HVAC/R distributor with 450+ locations and over $2 billion in annual revenue
  • The lease includes 4% annual rent increases, starting at $252,000, in 2026 and rising to nearly $295,000 by 2030.
  • The building’s flexible layout supports both warehouse and office use, appealing to a wide range of tenants.
  • . I-2 zoning further expands allowable uses, offering downside protection and adaptability.

Contacts

broker
Tai Bixby

Real Estate Advisors, LLC

Location

Getting Around

  • Walk Score ®

    73/100 Very Walkable

  • Bike Score ®

    62/100 Bikeable
Powered by Walk Score ®
  • City Santa Fe, NM
  • Neighborhood La Cieneguita
  • Zip Code 87507
  • Market Albuquerque

Points of Interest

  • Zia Road

    2.16 miles

  • South Capitol

    2.19 miles

  • Santa Fe Depot

    3.12 miles

  • Drive-up Window

    9.50 miles

  • Speedway

    0.37 miles

  • Brewer Gas

    0.43 miles

  • Murphy USA

    0.50 miles

  • eVgo

    0.63 miles

  • Smith's Fuel

    0.69 miles

  • Alon

    0.70 miles

  • Chevron

    1.13 miles

  • Valero

    1.25 miles

  • Greenlots

    1.54 miles

  • Allsup's

    1.61 miles

  • Recyclables

    2.48 miles

  • Rail Trail Parking

    2.60 miles

  • Chili Line Trailhead

    3.12 miles

  • Design Center Employee Parking

    3.23 miles

  • San Francisco Plaza

    3.47 miles

  • El Patio

    3.48 miles

  • Sandoval Garage

    3.48 miles

  • Water Street Municipal Lot

    3.54 miles

  • Scholar Parking

    3.62 miles

  • Flex Parking

    3.75 miles

  • Tacos Y Mas

    0.05 miles

  • El Chile Toreado

    0.16 miles

  • Mariscos Costa Azul

    0.19 miles

  • Dr. Field Goods Kitchen

    0.24 miles

  • Wok

    0.24 miles

  • Cafe Castro

    0.25 miles

  • Alicia's Tortilleria

    0.29 miles

  • Denny's

    0.31 miles

  • Uncle DT's

    0.33 miles

  • Taco Bell

    0.36 miles

  • Latinos Unidos

    0.08 miles

  • Pueblo Latino Mini Market

    0.43 miles

  • Big Lots

    0.49 miles

  • El Paisano Supermarket 1

    0.52 miles

  • Walmart

    0.60 miles

  • Smith's

    0.69 miles

  • Burlington

    0.76 miles

  • Amigos Latinos

    0.88 miles

  • Santa Fe Asian Market

    1.02 miles

  • Food King

    1.18 miles

  • MinuteClinic®

    0.16 miles

  • CVS Pharmacy

    0.17 miles

  • Walgreens

    0.77 miles

  • Santa Fe Fire Station #7

    1.15 miles

  • Santa Fe Fire Department Station 3

    1.31 miles

  • Villa Terese Catholic Clinic

    1.33 miles

  • PMS Hopewell Family Health Center

    1.35 miles

  • Santa Fe Indian Hospital

    1.41 miles

  • Aspen Medical

    1.56 miles

  • Planned Parenthood

    1.75 miles

Frequently Asked Questions

How much does Exceptional Industrial Investment Offering cost?

The space currently listed for sale at Exceptional Industrial Investment Offering asks for $3,719,286.

What is the total square footage of Exceptional Industrial Investment Offering?

Exceptional Industrial Investment Offering totals 21,400 square feet.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Tai Bixby

Real Estate Advisors, LLC

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