435 St Michaels Dr Santa Fe, NM

Two medical office properties, totaling approximately 75,029 square feet across 4 two-story buildings, are being marketed as part of a portfolio. The properties are strategically located near key healthcare facilities, including hospitals and specialized medical centers. The combined offering is priced at less than half of replacement cost. High occupancy rates with established, long-term medical tenants across diverse specialties contribute to a stabilized cash flow. Below-market rents provide room for income growth as leases renew. Several leases include operating expense reimbursements that the current owner is not capturing, providing a pathway to increase net operating income. The locations are near Christus St. Vincent Medical Center and Lovelace Women’s Hospital. The properties benefit from creditworthy tenants and consistent occupancy. Santa Fe and Albuquerque healthcare expansions are likely to increase patient flow and tenant interest, offering high yield potential with stable, diversified income sources.