Investment Overview

Marcus and Millichap is please to exclusively represent 100, 200, and 300 Gossett Drive in Aztec, New Mexico. This investment opportunity features a portfolio of three state government-occupied office buildings located in Aztec, New Mexico. Each property serves as a critical component of the state’s administrative infrastructure and is fully leased to high-credit tenants, including the New Mexico State Engineer’s Office, the Office of the Courts, and the New Mexico Public Defender Department. These agencies provide essential public services, ensuring the long-term stability and strategic importance of the locations. The portfolio benefits from long-term leases with multiple renewal options, reflecting strong tenant commitment and minimal relocation risk. Lease structures are primarily full-service or modified gross, offering predictable expense management for ownership. With 100% occupancy by government entities, the properties deliver secure and reliable income streams backed by institutional-grade credit. Aztec serves as a regional administrative hub with limited competitive office supply, supporting strong market fundamentals and sustained demand for government services. The properties’ proximity to civic centers and judicial facilities further enhances their mission-critical nature. Investors can expect stable cash flow with built-in rent escalations, low vacancy risk, and consistent revenue growth. This portfolio represents a rare opportunity to acquire government-backed assets in a stable market. With long-term leases, strong tenant credit, and strategic locations, these offices are ideal for investors seeking low-risk, yield-driven investments with potential for appreciation.