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Jefferson Medical Center

  • Contact for Price
Albuquerque, Bernalillo County, New Mexico, 87109, United States, ,
Sale

Jefferson Medical Center

Albuquerque, Bernalillo County, New Mexico, 87109, United States, ,
  • Contact for Price

Description

The Jefferson Medical Center is a ±30,907 rentable square foot, multi-tenant medical office building located in Albuquerque, New Mexico. Constructed in 1996, the Property was completely renovated in 2021 & 2022 into a forward-thinking, integrated health and wellness medical plaza anchored by a brand-new Ambulatory Surgery Center. The Property features large glass tenant entries, expansive ceiling heights, building signage, and an emphasis on a more intimate and collaborative patient/doctor environment. The Property features an abundant amount of parking and direct entry to tenant’s suites, providing an individual identity for each of the four tenants on-site.

The Property is currently 100% leased by four different tenants and anchored by one surgery center; Comprehensive Interventional Care Centers (CiC Ceters), a surgical physician group that occupies 50.2% of the Property’s square footage for vascular surgical procedures, interventional radiology, oncology and diagnostic imaging. The Property is currently home to a synergistic and diverse tenant mix as the existing tenants cater to a significant portion of the surrounding population. In addition to the previously noted surgery center, additional healthcare services provided at the Property include imaging, orthopedics and pain management.

The Property is centrally located in the Albuquerque metropolitan region, surrounded by a collection of commercial, healthcare and residential developments. Situated less than one mile from Interstate-25, a major freeway that provides local access to and from downtown ABQ. The Property is well-positioned to provide medical care and services to the over 277,000 people who reside within a 5-mile radius from the Property.

CBRE Capital Markets is pleased to exclusively offer the opportunity to acquire the Jefferson Medical Center (the “Property”), located in Albuquerque, New Mexico. The Property totals ±30,907 rentable square feet and is 100% leased by a variety of healthcare service providers, including one ambulatory surgery center (ASC) tenant; Comprehensive Interventional Care Centers which makes up ±62% of the Property’s total net operating income.

The Jefferson Medical Center was constructed in 1996 and has been significantly renovated by the current owner over the past 18 months. The Property is located just north of Lovelace Women’s Hospital, New Mexico’s first and only hospital dedicated to women’s health.

Over $11 million in capital has been injected into the Property to redevelop the dated medical building into a premier integrated outpatient medical center. The recent capital improvements have attracted excellent new specialized healthcare tenants and an average remaining lease term of over 10 years, providing an investor with a newly renovated medical office building and a stable investment income stream for the foreseeable future.

Investment Highlights

Jefferson Medical Center presents an excellent opportunity for an investor to acquire a 100% leased, recently renovated, state-of-the-art, ‘ASC’ anchored multi-tenant medical office plaza ideally situated in the central I-25 corridor of Albuquerque, New Mexico.

  • SURGERY CENTER ANCHORED 
  • 100% LEASED TO A VARIETY OF SYNERGISTIC TENANTS
  • MEASURED EXPOSURE WITH A STABLE, GROWING CASH FLOW
  • LARGE CAPITAL INVESTMENT BY TENANTS INTO ASSET 
  • OVER $5.9 MILLION OF RECENT CAPITAL UPGRADES
  • ADJACENT TO LOVELACE WOMEN’S HOSPITAL
  • DELIVERED FREE & CLEAR OF EXISTING DEBT

Call Andrew for more information at +1 (602) 369-5936.

  • Address 4700 N Jefferson NE
  • Zip/Postal Code 87109

Details

Updated on September 19, 2022 at 5:33 pm
  • Price: Contact for Price
  • Property Size: 30907 sq ft
  • Year Built: 1996
  • Property Type: Commercial
  • Property Status: Sale

Overview

  • Commercial
  • Property Type
  • 30907
  • sq ft
  • 1996
  • Year Built

Contact Information

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Andrew Fosberg

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