Newport I, II & III
2600 & 2650 Yale Boulevard SE & 2350 Alamo Ave
Albuquerque, NM 87106
Highlights
- ALL TENANTS ARE AFFILIATES OF THE U OF NEW MEXICO MEDICAL SYSTEM
- BLDG 1-24,480 SF LEASED TO UNMM SINCE 2013-RENEWS 9/2031
- BLDG 2-23,286 SF LEASED TO UNMM SINCE 2001- RENEWS 7/2028
- BLDG 3-28.09%-22,384 SF LEASED TO UNMM SINCE 2007-RENEWS 6/2026
- BLOCKS FROM UofM and UNIVERSITY OF NEW MEXICO HOSPITAL CAMPUS
- TREMENDOUS UPSITE-CONVERT GROSS TO NET LEASES ON RENEWAL
Description
Medical office Buildings leased to The University of New Mexico Hospital System adjacent to Albuquerque International Airport.
12% Vacancy Upside
25% Rental Upside
Located in Opportunity Zone, Adjacent to Albuquerque International Airport
The economy of Albuquerque, New Mexico is mainly driven by its aerospace & defense industry, with companies such as Boeing and Lockheed Martin having a significant presence in the area. The city has also seen growth in renewable energy and technology-related startups, creating job opportunities for local residents. The largest industries in Albuquerque are Health Care & Social Assistance, Retail Trade, and Educational Services. The city’s unemployment rate is 7.4%, and future job growth over the next ten years is predicted to be 34.5%
