Current Use by Public Records
- Office Spaces
Property Details for 3917 Rd
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional 3,100 square foot medical office condominium presents a compelling investment opportunity in Los Alamos, New Mexico. Located within the Los Alamos Medical Center, the sole hospital in Los Alamos County and a major healthcare provider for Northern New Mexico, this single-unit, ground-floor building boasts 100% occupancy with a current gross lease in place. The property features a stabilized investment profile, with a 7.36% cap rate and a Net Operating Income (NOI) of $67,725. The asking price is $920,000, translating to $296.77 per square foot. The current lease is a single-tenant gross lease with three options, expiring April 29, 2024, and a remaining term of zero years. The property sits on a ground lease with approximately five years remaining, including a fifteen-year renewal option. Abundant free parking is available for both employees and visitors. The property's zoning is GC. High medical office demand in Los Alamos, with 90% occupancy rates in the area, further enhances this investment's potential. The strategic location adjacent to the award-winning Los Alamos Medical Center ensures strong tenant demand and long-term stability. This presents a rare opportunity to acquire a fully leased, high-performing medical office asset in a thriving healthcare market. Potential exists for additional investment opportunities in adjacent condos.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Alamos
- County
- Los Alamos
- State
- New Mexico
- Longitude
- -106.32
- Latitude
- 35.8816
