Northern New Mexico Gastroenterology Associates Single Tenant Medical Office Investment

Flanagan Investment Real Estate is pleased to offer for sale a single-tenant, medical office investment leased to Northern New Mexico Gastroenterology Associates. The tenant is established and has had a long tenure at this location. About 5.5 years of lease term remain with (2) 10-year renewal options. The asset is located at 1691 Galisteo St, Building C, in Santa Fe, New Mexico, within the Galisteo Medical Plaza Condominium Association. The property is in a central and convenient location to service the residents of Santa Fe and northern New Mexico.

The approximately 5,500 sq. ft. building is situated in the well manicured Galisteo Medical Plaza Condominium Association. The property is located in a premier medical location with strong real estate fundamentals. Christus St. Vincent Regional Medical Center, the largest healthcare provider in Santa Fe and Northern New Mexico, is in close proximity to the property. Healthcare is a major component of the economy in Santa Fe and continues to grow.

The property features a passive lease structure with limited landlord responsibilities. In addition, the lease features annual rent increases which offer a hedge against inflation. The tenant is established with a long history servicing Santa Fe and Northern New Mexico and offers comprehensive care for digestive and liver diseases.