
New Mexico State-Backed Office Portfolio
Office | 8.00% CAP | 24,486 SqFt
Marketing description
Marcus and Millichap is please to exclusively represent 100, 200, and 300 Gossett Drive in Aztec, New Mexico. This investment opportunity features a portfolio of three
state government-occupied office buildings located in Aztec, New Mexico. Each property serves as a critical component of the state’s administrative infrastructure and is
fully leased to high-credit tenants, including the State Engineer’s Office, the Administrative Office of the Courts, and the Public Defender Department. These agencies
provide essential public services, ensuring the long-term stability and strategic importance of the locations.
The portfolio benefits from long-term leases with multiple renewal options, reflecting strong tenant commitment and minimal relocation risk. With nearly 100%
occupancy by state entities, the properties deliver secure and reliable income streams backed by institutional-grade credit.
Aztec serves as a regional administrative hub with limited competitive office supply, supporting strong market fundamentals and sustained demand for state services.
The properties’ proximity to civic centers and judicial facilities further enhances their mission-critical nature. Investors can expect stable cash flow with built-in rent
escalations, low vacancy risk, and consistent revenue growth.
This portfolio represents a rare opportunity to acquire state-backed assets in a stable market. With long-term leases, strong tenant credit, and strategic locations, these
offices are ideal for investors seeking low-risk, yield-driven investments with potential for appreciation.
Listing Contacts

Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
