5601 Office Boulevard/Albuquerque, NM

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Under Contract

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Office & Industrial

Albuquerque, NM

50,526 SqFt

Built in 1999

Core Plus

This high quality asset is currently 85% leased to three tenants with a WALT remaining of approximately 5.9 years
Medical office and laboratory tenancy with Quest Diagnostics as the anchor tenant since 1999 and Sono Bello having a $100/SF tenant improvement allowance to build out their space
Quest Diagnostics, who occupies 46% of the rentable SF, is an investment grade tenant and ranked #324 on the Fortune 500
Sono Bello is building out their clinic and medical facility and committed to a firm, 12 year initial lease term and significant tenant out-of-pocket investment
Value creation potential with the ability to lease-up or convert two suites to medical office to garner higher rental rates

First Vice President/Regional Manager

License(s): NM: 20675

New Mexico