FULLY-LEASED MEDICAL OFFICE INVESTMENT OPPORTUNITY IN LAKEWOOD, CO
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The Offering
CBRE’s U.S. Healthcare Capital Markets Group is pleased to offer for sale the fee simple interest in the Belmar Medical Building located in the affluent Denver suburb of Lakewood, Colorado. The three-story, 30,650-square foot facility was delivered in 1987, significantly renovated in 2012, and is strategically positioned near the award winning Belmar Shopping and Dining District, Lakewood City Commons shopping center and a growing healthcare corridor. The property is adjacent to the 100,000 square foot recently renovated Kaiser Permanente Lakewood Outpatient Center (which is owned and fully occupied by Kaiser). On the other side of the subject property is the The Village at Belmar, a 190,000 square foot planned senior living community which is scheduled to break ground in the Winter of 2015 and will be constructed over a 16-month period. In addition, Denver’s largest and most profitable health system, HCA-HealthONE, recently topped out on the steel of their new freestanding Emergency Department on Wadsworth Boulevard just north of Alameda adjacent to a newly constructed Walgreens. The 100% leased Belmar Medical Building offers a stable investment opportunity located in a thriving healthcare corridor, featuring national tenants such as HCA-HealthONE, Kaiser Permanente, Davita’s Paladine Health and Laboratory Corporation of America (LabCorp).
Investment Highlights
-Strong Health System Tenancy
-Strategic Location
-Vibrant Community Setting
-Growing Healthcare Market
-Recent Renovations by Ownership
-Synergistic Tenant Mix
-Denver Metro Growth Market
-Excellent Market Demographics
-Delivered Free and Clear of Any Debt
OFFERING INFORMATION
OFFERING PRICE: $6,500,000
PRICE PER SQUARE FOOT: $205
IN-PLACE CAP RATE: 6.85%
BUILDING SIZE: 30,650 SF
PERCENT LEASED: 100%
IN-PLACE NOI:: $445,346
CBRE CONTACTS
U.S. HEALTHCARE CAPITAL MARKETS GROUP
Chris Bodnar
Senior Vice President
+1 303 628 1711
chris.bodnar@cbre.com
Lee Asher
Senior Vice President
+1 404 504 5965
lee.asher@cbre.com
LOCAL MEDICAL OFFICE LEASING EXPERT
Dann Burke
Vice President
+1 720 528 6362
daniel.burke@cbre.com
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