Value-Add/Redevelopment Opportunity

Office for Sale
Catylist Listing ID: 29974188
Property Subtypes: Medical
Building Size (RSF): 529,178 SF
Gross Building Area: 569,333 SF
Gross Land Area: 20.84 Acres
Sale Price: $16,000,000
Unit Price: $30.24 PSF
Property Use Type: Investment
Building Name: Gibson Medical Center
Class of Space: Class B
Usable Size (USF): 529,178 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/24/2017

Overview / Comments

Gibson Medical Center (GMC) offers a unique valueadd/redevelopment opportunity to investors looking to purchase existing medical properties. The property features former hospital space as well as clinic and administrative space. It includes a 200-seat auditorium with multimedia capabilities. Located approximately 2.5 miles east of I-25, adjacent to the Veterans Administration Hospital and Kirtland Air Force Base in SE Albuquerque, GMC includes 8 buildings on 20.84 acres, and additional 400 parking spaces along the vacated Ridgecrest Dr. right-of-way.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Airport
Tax ID/APN: ABQ182143
Zoning: SU-1 - Special Use Zone
Property Visibility: Good
Number of Stories: 5

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,456 96,773 246,027
Median Age: 36.89 34.67 36.72
Households: 7,663 42,852 107,145


Photograph of Listing Agent

Patti Peixotto

SVN - Walt Arnold Commercial Brokerage, Inc.
Photograph of Listing Agent

Joel T. White

SVN - Walt Arnold Commercial Brokerage, Inc.
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