Opportunity to acquire a 15-year leased +/- 21,253 SF, single tenant facility fully leased to the State of New Mexico Health Care Authority (HCA). The new lease expires December 31, 2039. The subject property is situated on 2.37 acres in Albuquerque which has sub 5% office vacancy. This facility serves as a key location for the new State of New Mexico HCA (previously the Human Services Department). This facility handles the Medical Assistance Division Program (FY2026 budget request ~$1.678 billion), Developmental Disabilities Supports Division (FY2026 budget request ~$294 million), and the Division of Health Improvement (FY2026) budget request ~$11 million).
• State of New Mexico HCA has a 2025 budget of ~$1.992 billion
• New 15-year lease
• Recent $1.4 million capital investment into interior renovations and mechanical improvements (RTUs)