1398 Weimer Rd - Medical FOR SALE


Taos, NM 87571
$4,542,053 USD
404-635-8859
1398 Weimer Rd, Taos, NM for Sale
$4,542,053 USD
Medical - FOR SALE
1/7
null | 7.5% Cap Rate

1398 Weimer Rd
Taos, NM 87571


HIGHLIGHTS

  • 100% Leased to Three Tenants
  • Adjacent to Holy Cross Medical Center
  • Property has remained 100% occupied for 15+ years.
  • Recent Extensions
  • Recent Capital Improvements
  • Attractive Annual Increases

OVERVIEW

Northmarq, on behalf of ownership, is pleased to offer for sale to qualified investors the fee simple interest in this multi-tenant Medical Center Plaza property located at 1398 Weimer Road, Taos, New Mexico 87571 (“the Property”). The Property is fully occupied and leased to Taos Health Systems, Hanger Prosthetics & Orthotics, and Roswell Home Medical, Inc. offering a diversified mix of medical tenants to support the Holy Cross Medical Center. All three tenants are currently open for business. The Property is located next to a 29-bed hospital, the central hub for healthcare in North-Central New Mexico. This hospital and its affiliated clinics host over 80 physicians across a wide range of specialties, including internal medicine, wound care, dermatology, obstetrics and gynecology, orthopedics, general surgery, and urology, and has a fully staffed emergency department. Internal medicine, wound care, dermatology, OB/GYN, orthopedics, general surgery, urology, and a fully staffed emergency department. The Holy Cross Medical Center is one of four (4) locations staffed and operated by Taos Health System, Inc. Being only one of two (2) pure multi-tenant medical office buildings serving the North Central New Mexico households, the property boasts of 100% occupancy for the last 15+ years. The barriers to entry on this market are quite strong as well, which only strengthens the commitment to tenants at the subject property. Proximity to campus, tenant credit, barriers to entry, historical occupancy, and a competitive in-place yield, solidify this opportunity to acquire a quality cash-flowing asset with NNN leases and annual escalations.

FOR SALE DETAILS

PRICE

$4,542,053 USD

PRICE/SF

$248 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

129

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

C-1

APN/PARCEL ID

61968

ASK ABOUT THIS PROPERTY

Jason PowellNorthmarqMore Info
404-635-8859

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Jason PowellNorthmarqMore Info
404-635-8859

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