Located in the epicenter of Los Alamos' vibrant commercial hub, this office building offers a one-of-a-kind investment opportunity. Los Alamos County is the 4th richest county in the United States with median household income exceeding $97,000 and an unemployment rate hovering at an enviable 3% level. Due to the fact the city is surrounded by national forest and other federally owned land, there are few opportunities for new commercial development, thus high-quality existing commercial sites tend to maintain extremely high occupancy rates. This entire building is leased by Los Alamos Natonal Laboratory, the region's largest employer, and one of the super high-technology research centers in the United States. Since the surrounding topography of the city severely limits expansion of the existing commercial hub, new commercial sites nearly always come to being only through the destruction of older less viable commercial buildings. This commercial site is probably the most stable commercial rental market in the country. When available, vacant spaces command a high premium, and waiting lists are not uncommon. The area is growing rapidly due to the high quality of jobs available as well as the richness of recreational opportunity nearby added to the cultural possibilities offered by Albuquerque, Santa Fe, and Taos all of which are within easy driving distance. - Parking description: paved and sufficient for the building size. - Area description: Los Alamos is nearly surrounded by national forest and is virtually contiguous to the fabled Valles Calderas, an 89,000+/- acre managed wildlife area which offers year-round recreational opportunities. Nearby is Pajarito ski area, Santa Fe ski basin, Pecos Wilderness and many other legendary natural New Mexico treats. The altitude of 7000+ feet provides tolerable dry heat in summer, always cool nights, and the strong possibility of White Christmases. City life is not far away as both Santa Fe and Albuquerque are within easy driving distance offering little theater, opera, orchestral events, zoos, galleries, the internationally known annual balloon fiesta, horse activities of every stripe, hiking, boating, fishing, camping, and simply learning to enjoy one of the least populated, but most physically diverse and gorgeous states in the union. - Number of buildings: 1 - Class of space: Class A - Tenancy: Single Tenant
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Median rate is a number derived from the median rate of listings posted on 42floors and reports from thought leaders in the area.