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29358878
29358879

100 Gossett Dr, Aztec, NM 87410 For Sale

BM
TX 732895
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale
$7,735,000
177 days on market
Updated 55 days ago

New Mexico State-Backed Office Portfolio

Details
Property Type Office
Sub Type Traditional Office
Square Footage 24,486
Cap Rate 8%
NOI $618,912
Occupancy 100%
Price per SqFt $316
Year Built 2004
Investment Type Stabilized
Sale Condition 1031 exchange

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

BM
TX 732895
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$618,912.00
$51,576.00/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Ryan Sarbinoff
License
NM 20675
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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