For Sale
$4,600,000

4010 Montgomery Blvd Albuquerque, NM 87109

11,700 SF, 100% Occupied, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional Class A medical office building, located at 4010 Montgomery Blvd NE in Albuquerque, New Mexico, presents a compelling investment opportunity. The 11,700 square foot single-story building sits on a 1.29-acre lot and is fully occupied by Optum Healthcare under a Net Lease (NNN) agreement. Built in 2007, the property boasts a strong 7-year remaining lease term extending to November 2030, providing a stable and predictable income stream. The lease includes annual rent increases of approximately 2.5%. The property's financial performance is robust, with a projected 2024 Gross Rent of $305,794 and a Net Operating Income (NOI) estimated at $272,004.33, resulting in an attractive 5.91% capitalization rate. The property is zoned MX-T and offers a fee simple ownership structure. This is a rare opportunity to acquire a high-quality, fully occupied medical office building in a desirable Albuquerque location with a long-term, creditworthy tenant. The property's single-tenant occupancy minimizes management complexities and provides a secure investment with significant upside potential. The asking price for this exceptional asset is $4,600,000.

Highlights

  • Fully occupied, 11,700 SF Class A medical office building in Albuquerque, NM.
  • Net lease (NNN) with Optum Healthcare, a UnitedHealthcare subsidiary, through November 2030.
  • Strong financial performance: $305,794 projected 2024 Gross Rent; $272,004.33 estimated NOI; 5.91% cap rate.
  • List price: $4,600,000.

Property Details for 4010 Montgomery Blvd

Property type
Office properties, Medical offices
Square Feet
11,700 SF
Class
A
Year Built
2007
Buildings
1
Stories
1
Lot Size (sq. ft)
56,192 SF
Units
1

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.130881070924
Longitude
-106.59851328147

FAQs

What type of property is this?
Office property - 11,700 SF, 100% Occupied, NNN Lease
Where is the office property located?
The property is located at 4010 Montgomery Blvd Albuquerque, NM.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: Fully occupied, 11,700 SF Class A medical office building in Albuquerque, NM.; Net lease (NNN) with Optum Healthcare, a UnitedHealthcare subsidiary, through November 2030.; Strong financial performance: $305,794 projected 2024 Gross Rent; $272,004.33 estimated NOI; 5.91% cap rate.
How can I contact the broker?
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4010 Montgomery Blvd
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