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435 St Michaels Dr Santa Fe, NM

For Sale
$8,263,908

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

Property size:
27,839 SF
Lot size:
1.95 Acres

Property Features for 435 St Michaels Dr

General Information

Size
27,839 SF
Lot size
1.95 Acres

Source: REA Real Estate Advisors Agent Tom Jenkins CCIM SIOR

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


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 Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Equine Chiropractic, Chamisa vet, Veterinarian In Santa Fe

Location Insight

  • Map
  • Local Demand
City
Santa Fe
County
Santa Fe
State
New Mexico
Longitude
-105.937799
Latitude
35.6869752

FAQs

What type of property is this?
Medical office - Two medical office buildings totaling 75,029 SF near hospitals.
Where is this medical office 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.
More about this property
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