The 65-acre campus, home to Netflix, Warner Bros., and 20th Century shoots, is now for sale amid an industry recalibration.

Santa Fe Studios — once heralded as a cornerstone of New Mexico’s rise as a production hub — is officially on the market. The 65-acre campus, featuring a pair of soundstages and nearly 80,000 square feet of production infrastructure, has been listed for sale through CBRE, signaling a new chapter for one of the state’s marquee film facilities.

Built in 2011 and co-founded by veteran producer Lance Hool (Man on Fire), the studio opened with the support of top Hollywood players including Warner Bros., Disney, Sony, and 20th Century. Over the past decade, it’s hosted a wide range of projects from Only the Brave and Godless to Walker: Independence and The Ballad of Buster Scruggs.

Though a price tag hasn’t been disclosed, the listing positions the facility as a turnkey opportunity, complete with long-term partnerships — notably with The MBS Group — and eligibility for New Mexico’s robust tax incentives. The state’s film incentive program currently caps out at $130 million annually, but the studio’s location within Santa Fe’s designated media district unlocks an additional 5% uplift, adding to its appeal.

“Santa Fe Studios is not only a proven production hub but also a future-ready platform for content creators, investors, and media operators,” said Anthony Jasenski, CBRE’s National Film Studio Practice Leader, in a statement.

The sale comes at a pivotal moment for New Mexico’s screen sector. Though Netflix has cemented its dominance with a billion-dollar expansion at ABQ Studios in Albuquerque — now a 108-acre mega-campus — the state’s total production spend has seen a recent dip. According to the New Mexico Film Office, FY2025 saw a decline to $323 million, attributed largely to the broader contraction in content output from major studios.

Still, the fundamentals remain strong. New Mexico was the fourth-largest U.S. production hub by spend in the past year, per a recent ProdPro report. And as streamers and studios continue to weigh cost efficiencies, infrastructure like Santa Fe Studios — with its 24,000 square feet of office space, 17,000-square-foot warehouse, post facilities, and expansive permit-exempt acreage — may become even more valuable in the next production upswing.

The studio’s next act will depend on who takes the reins. But with New Mexico still punching above its weight in the arms race for content, Santa Fe Studios offers something increasingly rare: a legacy lot with room to grow, ready for the next wave.