Medical Office Portfolio For Sale

435 St Michaels Dr, Santa Fe, NM

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For Sale

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Two medical office buildings totaling 75,029 SF near hospitals.

Type:OFFICE

Property size:

27,839 SF

Lot size:

1.95 Acres

Price / SF:

$296/SF

HighLights

Stabilized Cash Flow: High occupancy rates with established, long‑term medical tenants.
Attractive Purchase Package: Priced at less than half of replacement cost.
Value‑Add Potential: Below‑market rents provide room for income growth.
Strategic Medical Locations: Positioned near key healthcare facilities.
Additional Income Opportunity: Several leases include operating expense reimbursements.
Proximity to Major Medical Centers: Prime locations near Christus St. Vincent Medical Center and Lovelace Women’s Hospital.

We can help!

Listing Contact

Tom Jenkins CCIM SIOR

Learn more

For Sale

Contact for pricing

Two medical office buildings totaling 75,029 SF near hospitals.

Type:OFFICE

Property size:

27,839 SF

Lot size:

1.95 Acres

Price / SF:

$296/SF

Added:: Mar 21, 2025
Days on Market:: 452
Last Refresh:: May 19 at 8:36 pm

Property Features for 435 St Michaels Dr

General Information

Standard status: Active
Size: 27,839 SF
Lot size: 1.95 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Tom Jenkins CCIM SIOR

Listing agent Tom Jenkins CCIM SIOR License #52736

Listing office REA Real Estate Advisors

Listing date Mar 21, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of REA Real Estate Advisors

HighLights

Stabilized Cash Flow: High occupancy rates with established, long‑term medical tenants.
Attractive Purchase Package: Priced at less than half of replacement cost.
Value‑Add Potential: Below‑market rents provide room for income growth.
Strategic Medical Locations: Positioned near key healthcare facilities.
Additional Income Opportunity: Several leases include operating expense reimbursements.
Proximity to Major Medical Centers: Prime locations near Christus St. Vincent Medical Center and Lovelace Women’s Hospital.

Overview

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.

Location Intelligence

Current Use by Public Records

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Similar Places Nearby

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Location Insight

Map
Local Demand

City: Santa Fe
County: Santa Fe
State: New Mexico
Longitude: -105.938
Latitude: 35.687

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For sale
Medical Office Space
NM
Santa Fe
435 St Michaels Dr

What type of property is this?

Medical Office Space - Two medical office buildings totaling 75,029 SF near hospitals.

Where is this medical office space located?

The property is located at 435 St Michaels Dr Santa Fe, NM.

What is the asking price?

The asking price for this property is $8,263,908.

What are key features of this property?

This property features: Stabilized Cash Flow: High occupancy rates with established, long‑term medical tenants.; Attractive Purchase Package: Priced at less than half of replacement cost.; Value‑Add Potential: Below‑market rents provide room for income growth.

435 St Michaels Dr, Santa Fe, NM

Two medical office buildings totaling 75,029 SF near hospitals.

Property Features for 435 St Michaels Dr

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Live-Work Commercial Building

Turnkey Restaurant Space on Cerrillos Rd

Santa Fe Office/Research Facility

Class A Office Building

Modern Office Building For Sale

Santa Fe Commercial Property For Sale

Downtown Office Building with Leased Restaurant

Freestanding Commercial Building on Cerrillos

Professional Office Building in Santa Fe

Three-Unit Triplex with Assigned Parking

Santa Fe Compound with Equestrian Center

Santa Fe Multifamily Investment Opportunity

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