News Release: Just Sold – Arapahoe Medical Center

APRIL 2, 2021

CBRE HEALTHCARE & LIFE SCIENCES CAPITAL MARKETS

JUST SOLD

ARAPAHOE MEDICAL CENTER

Centennial, Colorado

TRANSACTION HIGHLIGHTS

DATE SOLD: 03/30/2021

SIZE: ±59,359 SF

OCCUPANCY: 91%

Arapahoe Medical Center

CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of the Arapahoe Medical Center (the “Property”). Chris Bodnar, Lee Asher, Ryan Lindsley and Jordan Selbiger partnered with Dann Burke and Stephani Gaskins from CBRE Denver Healthcare Brokerage to act as the seller’s exclusive advisors.

Arapahoe Medical Center is a three-story medical office building located in Centennial, Colorado approximately 15 miles southeast of downtown Denver. The ±59,359-square-foot property is currently 91% leased to a mix of 17 tenants comprised of prominent physician groups and other healthcare providers. Specialties represented at the Property include primary care, asthma and allergy, neurology, gastroenterology, dermatology, and physical therapy, among others. The weighted average remaining lease term is 4.8 years, with no tenant accounting for more than 10% of the rentable area.

For more information, or if we can help with your healthcare real estate holdings, please contact us.

For more information, please contact:

CHRIS BODNAR

Vice Chairman
Investment Properties
+1 303 628 1711

LEE ASHER

Vice Chairman
Investment Properties
+1 404 504 5965

RYAN LINDSLEY

Senior Director
Investment Properties
+1 303 628 1745

JORDAN SELBIGER

Director
Investment Properties
+1 404 923 1259

SABRINA SOLOMIANY

First Vice President
Debt & Structured Finance +1 404 536 5054

ZACK HOLDERMAN

Senior Vice President
Debt & Structured Finance
+1 858 546 4670

www.cbre.us/cm-healthcare

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