Property Gallery
Property Description
$2,200,000
Also For Lease at $27.50/SF MG
LOCATION
Located between Downtown Denver and the western foothills, this sale offers a unique opportunity for a medical office user and/or investor to acquire income property in the high-demand Crown Hill submarket
TENANCY
Since purchasing in 2009, this property has been owned and occupied by multiple successful medical practitioners. The lease terms presented here detail their commitment to maintain tenancy after closing, with 3% annual escalations, and are flexible to fit the needs of the future owner. The building has medical infrastructure for reception, plumbing, and file storage, and also welcomes general office users.
OCCUPANCY
All common areas are currently generating income, and offer potential for additional tenancy. The proforma included herein reflects income from 65% occupancy of the property. A new user is able to secure additional occupancy and SBA eligibility by absorbing common conference and work space. Leases can be terminated to allow for new user to occupy 60%.
Address
Details
Rachel Colorosa
Sr. Commercial Advisor