Granada Office Portfolio
Two Institutional Medical & Professional Office Campuses
Marketing description
The Granada Office Portfolio is a 120,627 SF two-asset medical and professional office investment located in Albuquerque’s established Montgomery medical corridor. Offered at an 8.0% cap rate with $1.34M in in-place NOI, the portfolio combines immediate cash flow with structured value-add upside.
Granada Business Center (65,386 SF) represents the redevelopment component of the investment. Comprised of multiple buildings across seven separate parcels, the asset offers rare flexibility for phased repositioning, reconfiguration, or long-term redevelopment. Near-term lease rollover provides the ability to proactively reset rents and enhance tenant mix, while existing occupancy continues to generate stable interim income.
Granada Square (55,241 SF) serves as the stabilizing anchor of the portfolio. The property has consistently maintained strong occupancy over the past decade and is anchored by a long-term State of New Mexico Health Care Authority lease, delivering durable, government-backed income. Additional lease rollover creates embedded mark-to-market opportunity.
This offering presents a balanced investment profile: stabilized medical office cash flow supported by state tenancy, combined with clear redevelopment and rent growth potential in one of Albuquerque’s strongest healthcare corridors.
Investment highlights
Two-Asset Medical Office Portfolio (120,627 SF)
Institutional-quality medical and professional office investment located along Albuquerque’s established Montgomery medical corridor.Immediate Cash Flow | $1.34M In-Place NOI | 8.0% Cap Rate
Strong going-in yield supported by diversified tenancy and durable in-place income.Granada Business Center – Redevelopment & Repositioning Opportunity
65,386 SF across seven separate parcels, providing rare flexibility for phased redevelopment, reconfiguration, or strategic repositioning while maintaining interim income.Granada Square – Stabilized Anchor Asset
55,241 SF asset with a decade-long history of strong occupancy, anchored by a long-term State of New Mexico Health Care Authority lease providing government-backed income stability.Embedded Mark-to-Market & Lease Rollover Upside
Near-term lease expirations across the portfolio create the opportunity to reset rents, optimize tenant mix, and enhance long-term NOI growth.Below Replacement Cost Basis
Attractive price per square foot relative to new construction in a supply-constrained medical corridor.Balanced Risk Profile
Stabilized state-anchored income combined with structured value-add and redevelopment potential.
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