Free Standing Medical Office Building

Office for Sale
Catylist Listing ID: 30496955
Property Subtypes: Medical
Building Size (RSF): 5,232 SF
Gross Building Area: See Agent
Gross Land Area: 0.56 Acres
Sale Price: $675,000
Unit Price: $129.01 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 5,232 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/27/2020

Overview / Comments

Absolute Investment Realty has been selected as the exclusive representative for the seller of this attractive medical office building located in the heart of Albuquerque’s central medical district. The property’s location and build-out make it perfect for any number of medical disciplines. The property is located less than a mile from the states 3 largest hospitals (UNMH, Presbyterian Hospital, Lovelace) as well as the Heart Hospital of New Mexico, and the New Mexico Cancer Center. Additionally, the property is near I25, the University of New Mexico and Downtown.
This property offers well-laid-out exam rooms with a nicely appointed reception area and generous parking. The building also features 23 parking stalls, 6 plumbed exam rooms, 7 offices/exam rooms, 2 concrete X-ray rooms, a plumbed breakroom, an inviting lobby, waiting area and reception room.
This property is offered below replacement cost and is the ideal opportunity for a medical office, investor or other buyer looking for an asset in one of Albuquerque’s most desirable trade areas.

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Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Tax ID/APN: 101505809309330803
Zoning: MX-M - Mixed-use: Moderate Intensity
Area Description: The property is situated directly east of Downtown Albuquerque along I-25 (149,500 VPD). The property is located on Lomas Blvd. (24,000 VPD) which is a major E-W corridor that runs nearly the entire length of Albuquerque. This location is conveniently located near 3 major hospitals, 2 major medical centers, and UNM main campus, medical campus, and school of law as well as CNM main campuses. The trade area is heavily populated with medical offices, law offices and technology users. The property is less than a mile from the Downtown Railway District, which is the heart of Albuquerque's urban renaissance and has seen an explosion of tenants and residents
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1985
Year Renovated: 2002
Parking Ratio: 6.5 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 23

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,440 113,712 302,174
Median Age: 30.19 35.83 35.73
Households: 5,670 50,026 125,419


Photograph of Listing Agent

Alfredo Barrenechea

Absolute Investment Realty CARNM CIE Member
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