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216 Galisteo St
1,600 SF of Retail Space Available in Santa Fe, NM 87501
Sublease Highlights
- Heavy foot traffic
- Natural light
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 1,600 SF | 10’ | Nov 2026 | $52.74 CAD/SF/YR $4.39 CAD/SF/MO $567.69 CAD/m²/YR $47.31 CAD/m²/MO $7,032 CAD/MO $84,384 CAD/YR | Modified Gross |
1st Floor
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Space is in Excellent Condition
- Central Air Conditioning
- High Ceilings
- Finished Ceilings: 10’
- Display Window
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 216 Galisteo St , Santa Fe, NM 87501
| Property Type | Retail | Year Built | 1915 |
| Gross Leasable Area | 1,600 SF |
| Property Type | Retail |
| Gross Leasable Area | 1,600 SF |
| Year Built | 1915 |
About the Property
Highly desirable retail space available for sublease in Downtown Santa Fe. The master lease has two years remaining with renewal options. This approx. 1,600/sf space is located on bustling Galisteo Street, offering excellent street frontage and heavy foot traffic. The interior features large merchandise display windows that allow for abundant natural light, along with track lighting and 10-foot ceilings. The faux plaster walls add character, and the rear of the space also enjoys natural light from secure back windows. The space includes an in-suite restroom for added convenience. This is a rare opportunity for a retail or gallery use.
Nearby Major Retailers
-
Cozette Hansen -
Barker Realty, LLC
Presented by
216 Galisteo St
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