The Offering
CBRE is pleased to offer the opportunity to acquire the fee simple interest in San Gabriel Medical Plaza (“the property”), a Class B medical/professional office complex located at 3900 Eubank in the Northeast Heights submarket in Albuquerque, New Mexico. The project has two single story buildings totaling 25,379 +/- square feet. The parking ratio is 5 spaces per 1,000 square feet of office. The site is one of Albuquerque’s most recognized medical locations. The project has great visibility and is adjacent to numerous retail centers which feature a number of restaurants and bank services. The building fronts Eubank Boulevard between Comanche and Montgomery.
Investment Summary
| Purchase Price | $2,975,000 |
| Price/SF | $117.22 |
| Cap Rate | 8.93% |
| Property | 25,739± SF (2 Buildings) |
| Occupancy | 88.40% |
| Lot Size | 2.2 ± Acres |
• The tenant mix consists of medical users. This has been and is projected as the most stable and strongest segment of the Albuquerque economy.
• Historically very low tenant turnover.
• 90% or greater historical occupancy level
• Approximately 46% of the building is occupied by four tenants.
• Close proximity to major shopping center that was recently re-developed.
• 5/1,000 Parking
Contact Information
Tom Jenkins, SIOR, CCIM
First Vice President
+1 505 837 4901
tom.jenkins@cbre.com
Brandie Lovato
Client Services Specialist
+1 505 837 4908
brandie.lovato@cbre.com
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