435 Saint Michaels, Santa Fe, NM 87505

St. Michael’s Medical Park is a physically unified medical office property serving nine tenants and presented for sale as a fully occupied healthcare asset. The offering is positioned at the entrance to the Christus St. Vincent healthcare campus, which includes a regional hospital and a newly built 80,000 SF cancer diagnostic and treatment center.

The surrounding campus forms the largest concentration of healthcare infrastructure in northern New Mexico, serving a catchment area of 200,000+ residents across four counties. The property’s placement at the campus entrance provides a direct relationship to the healthcare hub.

For investors, the property is reported as generating $576,000 NOI with current rents 8% below market, creating a mark-to-market consideration based on the stated rent position. The property is offered with an underwriting perspective, as investors are invited to submit offers based on independent analysis. The seller also notes supply limitations tied to zoning constraints, historic preservation requirements, and construction economics that are described as making new development infeasible at replacement levels. The result is an asset characterized in the offering materials as difficult to replicate, with performance and pricing information provided for buyer evaluation.