435 St Michaels Dr Santa Fe, NM
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Two medical office buildings totaling 75,029 SF near hospitals.
Type:OFFICE
Property size:
27,839 SFLot size:
1.95 AcresPrice / SF:
$296/SF- Added:
- Mar 21, 2025
- Days on Market:
- 400
- Last Refresh:
- Apr 5 at 9:53 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
Listing agent Tom Jenkins CCIM SIOR (505) 238-5318
Listing office REA Real Estate Advisors (505) 238-5318
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
Overview
Medical Office Portfolio For Sale
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
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Location Insight
- Map
- Local Demand
- City
- Santa Fe
- County
- Santa Fe
- State
- New Mexico
- Longitude
- -105.938
- Latitude
- 35.687
Nearby Similar for Sale
FAQs
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.
