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For Sale: Trophy Urology Center of Excellence Investment Opportunity in Denver

TUCC_eblast

The Offering

CBRE’s U.S. Healthcare Capital Markets Group is pleased to offer the exclusive opportunity to acquire The Urology Center of Colorado (“TUCC” or alternatively, the “Property”). The Property is the only fully inclusive urology center in the Rocky Mountain region and one of the most comprehensive urology centers in the United States. From radiation oncology and outpatient surgery to imaging, in-house laboratory, and pathology services, the center provides the most advanced treatments under one roof. The Property is 100% leased and occupied through the end of 2021 with two 5-year options to extend at the greater of fair market value or 95% of the base rent as of the lease expiration date.

In 2005, two Denver urology groups joined forces with the vision of creating the nation’s leading full-service urologic medical practice to serve as a single point of access to all functions of urologic care. The site that was selected is centrally located near Downtown Denver, just north of Sports Authority Field at Mile High, providing accessibility from all points of the metropolitan area.

TUCC recently made an estimated $5 million capital investment to add on an additional linear accelerator to the building ($2 million for the equipment and $3 million for the vault), adding approximately 1,249 square feet to the rentable area for a total building size of 56,349 rentable square feet. TUCC offers an investor stable occupancy with HCA-HealthONE credit on the surgery center space and physician guarantees on the medical office space.

Investment Highlights

  • Nationally Acclaimed Urology Center of Excellence
  • 100% Leased Through 2021, with HCA-HealthONE Credit Backstop
  • Significant Capital Investment by Tenants
  • Stable Cash Flow with NNN Leases
  • Excellent Tenant Financial Performance
  • Favorable Lease Extension Options with High Probability of Renewal
  • Strategic Central/In-Fill Location
  • Denver Metro High Growth Market
  • Excellent Accessibility and Market Demographics

Offering Information

  • Offering Price: Best Offer
  • Total Size: 56,349 RSF
  • Year Built: 2006
  • Percentage Leased: 100%
  • Ownership: Fee Simple
  • Lease Expires: Dec. 2021
  • In-Place NOI: $2,189,683

CBRE CONTACTS

CBRE 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

CBRE DEBT & STRUCTURED FINANCE

Greg Greene
Senior Vice President
+1 214 979 5617
greg.greene@cbre.com

 

 

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