CBRE
Rare Value-Add Opportunity
Entire Campus Medical Office Building Portfolio Anchored by Investment Grade Credit Health System
DENVER. COLORADO
L PORTER MEDICAL PLAZA
Porter Adventist
Medical Office Building Portfolio
Porter Medical Plaza I Harvard Park East MOB I Harvard Park West MOB
Offering Overview
OFFERING PRICE: Best Offer
PROPERTIES: 3
TOTAL SIZE: 253,984 RSF
LOCATION: On-Campus
PERCENT LEASED: 73%
WALT: 3.8 years
IN-PLACE NOI: $2,782,895
Investment Highlights
- On-Campus Portfolio with Investment Grade Health System Tenancy
- Value-Add Medical Office Investment Opportunity
- Established Multi-Specialty Medical Tenancy
- Desirable Demographic Profile with Growing, Affluent Patient Base
- Significant Capital Investment by Current Ownership
- Central, Accessible Location with Amenities
- Rare Colorado Medical Office Investment Opportunity
- “Recession Resistanf’ Asset Category
- Delivered Free and Clear Of Existing Debt
The Offering
CBRE U.S. Healthcare & Life Sciences Capital Markets is pleased to exclusively offer the opportunity to acquire the Centura Porter Adventist Medical Building Portfolio (the “Portfolio” or the “Properties”). The Portfolio is comprised of three medical office buildings totaling ±253,984 rentable square feet on the campus of Centura Health’s Porter Adventist Hospital in Denver, Colorado. The hospital comprises approximately 28% of the Portfolio and offers specialty services including orthopedics, behavioral health, gastroenterology, primary care, imaging and physical therapy. Third-party tenants offer otolaryngology, neurology, cardiology, podiatry, dentistry, and primary care among other specialties. The campus setting allows for an active referral system between the hospital and existing tenants in the buildings.
Porter Adventist Hospital is centrally located among south Denver’s most desired neighborhoods: Platt Park, University Park and Washington Park. Property values in the area have risen sharply in the past decade as the Denver’s population grew by 16%. As such, three-mile demographics are quite attractive with an average household income in excess of $110,000.
An investor has the opportunity to acquire all of the medical office buildings on the Porter Adventist Hospital campus with additional value to be realized in the near term through the lease-up of the assets. Porter Adventist Hospital is a Joint Commission accredited facility that has been nationally recognized with numerous awards over the years and is located in one of the country’s most desirable markets.
CBRE HEALTHCARE & LIFE SCIENCES CAPITAL MARKETS
Chris Bodnar
+1 303 628 1711
chris.bodnar@cbre.com
Lee Asher
+1 404 504 5965
lee.asher@cbre.com
Ryan Lindsley
+1 303 628 1745
ryan.lindsley@cbre.com
CBRE DEBT & STRUCTURED FINANCE
Zack Holderman
+1 858 546 4670
zack.holderman@cbre.com
Sabrina Solomiany
+1 404 536 5054
sabrina.solomiany@cbre.com
CBRE DENVER HEALTHCARE LEASING BROKERAGE
Dann Burke
+1 720 528 6362
dann.burke@cbre.com
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