Albuquerque Medical Office
4101 Montgomery Blvd NE, Albuquerque, NM 87109
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Two-asset medical/professional office portfolio in established medical corridor.
Type:Office
Property size:
120,627 SFPrice / SF:
$132/SF- Added:
- Mar 11, 2026
- Days on Market:
- 73
- Last Refresh:
- Mar 16 at 1:46 pm
Property Features for 4101 Montgomery Blvd NE
General Information
- Standard status
- Active
- Size
- 120,627 SF
- Property subtype
- Office
Listing agent Tom Jenkins License #New Mexico 13292
Listing office Real Estate Advisors LLC (505) 539-3201
Listing date Mar 11, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Real Estate Advisors LLC
HighLights
- 8.0% cap rate with $1.34M in‑place NOI, offering immediate cash flow.
- Two‑asset medical and professional office portfolio in Albuquerque's established Montgomery medical corridor.
- Granada Square anchored by a long‑term State of New Mexico Health Care Authority lease, providing durable, government‑backed income.
- Granada Business Center offers flexibility for phased repositioning, reconfiguration, or long‑term redevelopment across seven parcels.
- Near‑term lease rollover provides the ability to proactively reset rents and enhance tenant mix.
- Granada Square has consistently maintained strong occupancy over the past decade.
Overview
The Granada Office Portfolio is a 120,627 square foot, two-asset medical and professional office investment located in Albuquerque’s established Montgomery medical corridor. The portfolio combines cash flow with value-add upside. Granada Business Center, consisting of 65,386 square feet, represents the redevelopment component of the investment. Comprised of multiple buildings across seven separate parcels, the asset offers flexibility for phased repositioning, reconfiguration, or long-term redevelopment. Near-term lease rollover provides the ability to proactively reset rents and enhance tenant mix, while existing occupancy continues to generate stable interim income. Granada Square, consisting of 55,241 square feet, serves as the stabilizing anchor of the portfolio. The property has consistently maintained strong occupancy over the past decade and is anchored by a long-term State of New Mexico Health Care Authority lease, delivering durable, government-backed income. Additional lease rollover creates mark-to-market opportunity. This offering presents a balanced investment profile: stabilized medical office cash flow supported by state tenancy, combined with redevelopment and rent growth potential in one of Albuquerque’s healthcare corridors.
Location Intelligence
Current Use by Public Records
New Hope Credit ...
Financial Advisor
Aesthetic Boutique Med ...
Spa & Massage Center
Kleinfeld Commercial Brokerage
Property Management Company
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- Veterinary Dentistry & Oral Surgery of New Mexico — 4000 montgomery blvd ne, albuquerque, nm 87109
- Johnson Maurice DVM — 5201 Ponderosa Ave NE, Albuquerque, NM 87110, United States
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.5983641
- Latitude
- 35.1312569
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Two-asset medical/professional office portfolio in established medical corridor.
Where is this medical office space located?
The property is located at 4101 Montgomery Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $16,035,238.
What are key features of this property?
This property features: 8.0% cap rate with $1.34M in‑place NOI, offering immediate cash flow.; Two‑asset medical and professional office portfolio in Albuquerque's established Montgomery medical corridor.; Granada Square anchored by a long‑term State of New Mexico Health Care Authority lease, providing durable, government‑backed income.
