1398 Weimer Rd - Medical FOR SALE
Taos, NM 87571 |
$4,329,144 USD
630-854-9717
1398 Weimer Rd
Taos, NM 87571
HIGHLIGHTS
- Health System Tenancy: The property is anchored by Taos Health Systems which leases roughly ±12,000 square feet or 67% of the property’s rentable SF
- Hospital-Adjacent Location: The property is strategically located adjacent to the Holy Cross Hospital
- NNN Leases: The property is 100% NNN leased thus ensuring there is no operating expense risk to prospective investors
- Annual Escalators: All tenants at the property have annual rental increases ranging from 2.5% to 3%, thus providing a great hedge against inflation.
- Attractive Basis: The property is being offered at a purchase price of $4.25M which is equivalent to $236 per square foot
- Compelling Yield: The property is being marketed at an appealing 8% cap rate which is very attractive for a 100% NNN leased
FOR SALE DETAILS
PRICE
$4,329,144 USD
PRICE/SF
$236 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Holy Cross Medical Center Plaza | NNN Leases
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
2.14 AC
LAND SF
93,218 SF
ZONING
C-1
APN/PARCEL ID
61968
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630-854-9717
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630-854-9717
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