Rio Rancho Executive Plaza | Medical Office Condos

  • $1,400,000
2240-2320 Grande Blvd SE - Rio Rancho, NM 87124
For Sale
2240-2320 Grande Blvd SE - Rio Rancho, NM 87124
  • $1,400,000

Property Highlights

  • 100% leased medical office condos (cannabis dispensary and dermatologist office) | May be sold separately
  • Excellent access to NM-528 (22,000 VPD) | Less than a quarter-mile from freeway on and off-ramp
  • Rio Rancho is the new home to Intel after investing $3.5 billion in its New Mexico operations in 2021 | Project created 700 new high-paying jobs | Intel plans to modernize facilities to accommodate its Foveros Technology
  • Strategically situated in Rio Rancho’s medical district | Less than 3-miles from state-of-the-art facilities like Lovelace Westside Hospital, Presbyterian Rust Medical Center, and Clearsky Rehabilitation Hospital
  • Opportunistically situated next to Extended Stay America | Hotel offering guests affordable suites fully equipped with amenities such as kitchens and free wifi
  • Strong Demographics | Average household income within 3-mile is $75,683 | Population within 3-miles is 79,529
  • Population and household growth both 6.59% (3-miles), respectively, for next 5 years

Details

  • Price: $1,400,000
  • Year Built: 2007
  • Property Type: Multi-Tenant
  • Property Status: For Sale

Additional Details

  • Price/SF: $262.81
  • Cap Rate: 5.48%
  • Rentable Area: 5,327 SF
  • Lot Size: 1.08 AC
  • Parking Spaces: 43
  • Zoning : C-1
  • APN/Parcel ID: 1-013-067-003-006
  • Address 2240-2320 Grande Blvd SE
  • City Rio Rancho
  • State/county New Mexico
  • Zip/Postal Code 87124

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Dustin R. Alvino
  • Dustin R. Alvino