2882 Trades West Road

Description

2882/2884 Trades West Road is a well-located multi-tenant industrial property in the heart of Santa Fe's sought-after Trades West industrial corridor. The building features multiple small-bay suites, grade-level access, ample parking, and functional workspaces suitable for light industrial, craft production, trades, storage, distribution, and creative commercial uses. The property has historically maintained strong occupancy due to limited industrial supply in Santa Fe and consistent demand for smaller, affordable flex spaces. The tenants are currently operating undermonth-to-month leases, creating immediate flexibility for investors or owner-users. The property will be delivered withclean termination agreements and fresh month to month lease, clearing the way for new leases at market rents or redevelopment to the buyer's needs. Average current gross rents are $8.00/sf and current operating expenses are $3.13/sf. The asking price of $1,800,000 ($113/sf) is intended to generate multiple offers. The property is marketed via the bid process with showings on two set dates and a call for offers in Mid December, 2025. Rare Industrial Opportunity in Santa Fe Industrial inventory in Santa Fe is tight and new construction is limited by cost and land use constraints. This asset is positioned to capture continued demand from trades, service contractors, and small manufacturers. Month-to-Month Tenancy = Immediate Upside Existing tenants may be re-leased at market rates, replaced, or consolidated depending on buyer strategy. This is potentially a clean slate in a highly constrained industrial market. Exiting tenants include offset print shop, art, barber, church, storage, car wrapping, skateboards, liquor distribution and more. Functional Layout Small bay configuration ideal for trades and service tenants; easy access to Siler Road, Cerrillos Rd, and St. Michael's Drive. 12 roll up doors 10ft x 10ft and 1 rollup 10ft x 20ft. Strong Location Trades West / Siler Road is one of Santa Fe's most established industrial hubs with a mix of industrial, craft, maker-space, and commercial service businesses. High Demand / Low Vacancy Santa Fe industrial vacancy has trended below 3% for years, supporting rent growth and stable occupancy. I-2 Industrial Zoning - allows for industrial, automotive, service contractors, trades, distribution, storage, manufacturing, office, retail, religious, educational and more.