2474 Indian Wells Rd
Alamogordo, NM 88310
Indian Wells Medical Plaza · Office Property For Sale

BGL’S HEALTHCARE INVESTMENT SALES team has been retained by ownership to offer qualified investors the exceptional opportunity to acquire the Indian Wells Medical Plaza Medical Office Building, a single tenant net master leased property occupied by several medical practices that include the leading medical center in the region and a highly successful private medical clinic. The Property is one (1) Clinical Building totaling 11,238 SF. The Building, located at 2474 Indian Wells Road, Alamogordo, NM is a major medical clinic in the greater Alamogordo area. The property is home to Gerald Champion Regional Medical Center’s sleep lab, as well as other local physicians’ clinical practices. The Clinical Building features twenty-one (21) clinical bays, a Sleep Center, and CT and MRI Scanners on site. The Building is located just around the corner from the Gerald Champion Regional Medical Center (GCRMC). GCRMC is the nation’s only joint military and civilian operated medical facility. The medical center is the region’s only medical center and is a destination for Otero County. The master leasee is Dr. Dan Moezzi a successful family medicine physician whom occupies one third of the property, with the remaining space being occupied by GCRMC. With the master lease taking effect, Dr. Moezzi’s practice EBITDAR ratio is just north of 3.19x. Inside of Dr. Moezzi’s space, other practices sub lease a number of the twenty-one (21) clinical bays on various days, with some practices occupying certain days. GCRMC occupies 66% of the building after their acquisition of another practice in the facility.