The Offering
CBRE’s U.S. Healthcare Capital Markets Group is pleased to offer for sale the fee simple interest in the Union Medical Plaza at a fraction of replacement cost. Located in the affluent Denver suburb of Lakewood, Colorado, the three-story, 47,508-square foot facility was constructed in 1982 and is strategically positioned adjacent to Centura Health’s St. Anthony Hospital & Medical Campus, Denver’s newest hospital facility. The Union Medical Plaza is currently 73.3% leased to a variety of healthcare providers including Select Physical Therapy, OB/GYN, orthopedics, pediatrics, otolaryngology, foot and ankle, and a pharmacy.
Investment Highlights
- Value-Add Opportunity Through Lease-up
- Synergistic Tenant Mix
- Proximity to Nearby Hospital
- High Traffic Retail Corridor
- Denver Metro Growth Market
- Excellent Market Demographics
- Delivered Free and Clear of Any Debt
Offering Information
- Offering Price: $6,500,000
- Price Per SF: $137
- In-Place Cap Rate: 6.98%
- Building Size: 47,508 SF
- Percent Leased: 73.3%
- Year of Construction: 1982
- Renovated: 2012-2014
CBRE Contacts
U.S. Healthcare Capital Markets Group
Chris Bodnar
Executive Vice President
+1 303 628 1711
chris.bodnar@cbre.com
Lee Asher
Senior Vice President
+1 404 504 5965
lee.asher@cbre.com
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