1041 Lamberton Pl NE - Office FOR SALE


Albuquerque, NM 87107- Broadbent Business Park
$5,418,000 USD
770-552-2447
1041 Lamberton Pl NE, Albuquerque, NM for Sale
$5,418,000 USD
Office - FOR SALE
1/4
null | 8.25% Cap Rate

1041 Lamberton Pl NE
Albuquerque, NM 87107
Broadbent Business Park


OVERVIEW

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)

FOR SALE DETAILS

PRICE

$5,418,000 USD

PRICE/SF

$255 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

135

LAND DETAILS

LAND ACRES

2.42 AC

LAND SF

105,415 SF

ZONING

M-1

APN/PARCEL ID

1-015-059-226343-1-03-02

ASK ABOUT THIS PROPERTY

Davis FinneyNewmarkMore Info
770-552-2447

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Davis FinneyNewmarkMore Info
770-552-2447

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.