Investment Opportunity: Medical Arts Plaza, 801 Encino Place NE, Albuquerque, New Mexico – CBRE Inc.

Medical Arts Plaza (Photo: CBRE Inc.)

Medical Arts Plaza (Photo: CBRE Inc.)

The Offering

CBRE is proud to represent the owner for the disposition of this 52,327 SF medical office building located on approximately 5.36 acres in the University Submarket of Albuquerque. This multi-tenant medical office, built in 1953 by architects Flatow and Moore on a promontory overlooking downtown Albuquerque. The property underwent a renovation and redevelopment in 2009 including: energy efficient exterior lighting, water conserving xeriscaping, ADA upgrades, high tech signage and a new contemporary color palate of soft sage greens.

The tenancy includes: UNM Hospital Locum Tenes program, Center for Women’s Health, Concentra, Tri-Core Reference Labs as well as individual medical practitioners. UNM has expressed an interest in expanding.
The location is key; it is within 1 mile of downtown and the city’s 3 regional hospitals – Presbyterian, Lovelace and University of NM. Not only has the location long been the medical hub of Albuquerque, it is located near the “Big “I” where interstates I-40 and I-25 intersect. These logistical benefits will continue to promote Medical Arts Plaza. The property consists of 6 buildings in a park-like design which clusters the buildings around a central parking lot. The design creates maximum accessibility for patients with parking immediately adjacent to suites.



  • Prominent location near the Big I (I-25/I-40 Interchange)
  • Quick access to 3 regional hospitals and downtown
  • Renovated in 2009
  • Exceptional tenant retention
  • Well established medical hub
  • Significant discount to replacement


Offering Information

Price:  $5,600,000

Cap Rate: 8.8%

Occupancy:  86%

NOI:  $492,340

Building Size:  ±52,327SF

Land Size:  ±5.36 acres

Year Built:  1953

Year Renovated  2009


For more information, contact:

Hunter Greene

First Vice President



Joel White, MAI

Senior Associate



Patti Peixotto

First Vice President



Serina Gallegos

Client Services Specialist



For more information on Stoneleigh at Mesquite, please visit our website at

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