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1650 Hospital Dr 16,477 SF 30% Leased Office Building Santa Fe, NM 87505 $3,878,000 ($235.36/SF) 6.50% Cap Rate
Investment Highlights
- Trophy Property
- Established Medical Tenants?
- Diverse Tenant Mix?
- Located Directly Across from Regional Hospital & Trauma Center?
- Staggered, Long Term Leases?
- Classic Santa FE Style Architecture?
Executive Summary
Absolute Investment Realty is pleased to present this opportunity to acquire a rare,
multi-unit, three-tenant medical investment property located in the world-renown
cultural and art destination of Sante Fe, New Mexico. Sante Fe is visited and home to
many Hollywood celebrities and high-net worth vacationers who can't get enough of
the city's comfortable climate and great food!?
The property is located on Hospital Drive, the central Medical corridor in Sante Fe.
With direct adjacency to Christus St. Vincent Hospital. The property features classic
Santa Fe southwest architecture, with a stunning interior courtyard and direct access
to all units.?
With steady growth in Sante Fe and across New Mexico, this established medical
property, offers a great long-term investment opportunity for discerning buyers. ?
multi-unit, three-tenant medical investment property located in the world-renown
cultural and art destination of Sante Fe, New Mexico. Sante Fe is visited and home to
many Hollywood celebrities and high-net worth vacationers who can't get enough of
the city's comfortable climate and great food!?
The property is located on Hospital Drive, the central Medical corridor in Sante Fe.
With direct adjacency to Christus St. Vincent Hospital. The property features classic
Santa Fe southwest architecture, with a stunning interior courtyard and direct access
to all units.?
With steady growth in Sante Fe and across New Mexico, this established medical
property, offers a great long-term investment opportunity for discerning buyers. ?
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
16,477 SF
Building Class
B
Year Built
1979
Price
$3,878,000
Price Per SF
$235.36
Cap Rate
6.50%
NOI
$252,000
Percent Leased
30%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
16,477 SF
Building FAR
0.17
Lot Size
2.20 AC
Zoning
HZ
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Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 012382848 | Improvements Assessment | $1,924,306 |
| Land Assessment | $634,887 | Total Assessment | $2,559,193 |
Property Taxes
Parcel Number
012382848
Land Assessment
$634,887
Improvements Assessment
$1,924,306
Total Assessment
$2,559,193
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Contact the Sale Advisor
1650 Hospital Dr