Opportunity to acquire a ±21,253 SF single-tenant facility fully occupied by the State of New Mexico Health Care Authority (HCA) on a 15-year lease. The current expiration date is December 31, 2039. The subject property is situated on 2.37 acres in Albuquerque, with a sub-5% office vacancy. This facility is a key location for the new State of New Mexico HCA (previously named Human Services Department). This lease is the result of the combination of the Medical Assistance Division Program (FY2026 budget request ~$1.678 billion), the Developmental Disabilities Supports Division (FY2026 budget request ~$294 million), and the Division of Health Improvement (FY2026 budget request ~$11 million).

• State of New Mexico HCA has a 2025 budget of ~$1.992 billion
• New 15-year lease
• Recent $1.4 million capital investment into interior renovations and mechanical improvements (RTUs)