CBRE U.S. Healthcare Capital Markets acted as the exclusive advisor for the sale of UCHealth Emergency Room in Littleton, Colorado.
|Sale Date:||June 28, 2018|
|Price Per SF:||$1,213/SF|
|Property Size:||7,430 SF|
CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of UCHealth Emergency Room – Littleton (the “Property”). Chris Bodnar and Lee Asher partnered with Chris Bosworth, Will Pike and Brian Pfohl of the CBRE Net Lease Property Group to act as the Seller’s exclusive advisors.
The Property is a 7,430-square-foot medical facility in Littleton, Colorado, one of the Denver’s most densely developed and attractive bedroom communities. Built in 2014, the Property’s absolute NNN lease has approximately 19.75 years of primary term remaining with seven 5-year options to renew and attractive annual 1% rent escalations throughout the initial term. UCHealth currently maintains an ‘Aa3’ investment grade credit rating by Moody’s for its 2017 series bonds. Moody’s cited the organization’s clinical excellence, broad footprint, large size, very strong operating performance, and strong liquidity to justify its credit rating. UCHealth is the only emergency room operator within a 4-mile radius and services a myriad of affluent suburban neighborhoods in southwest Denver.
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