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News Release: Just Sold – Centura Porter Adventist Medical Office Portfolio

July 15, 2021

CBRE HEALTHCARE & LIFE SCIENCES CAPITAL MARKETS

JUST SOLD

CENTURA PORTER ADVENTIST MEDICAL BUILDING PORTFOLIO

DENVER, CO

TRANSACTION HIGHLIGHTS

DATE SOLD: 7/15/2021

SIZE: ±253,984 SF

Centura Porter Adventist Medical Building Portfolio

CBRE U.S. Healthcare & Life Sciences Capital Markets is pleased to announce the sale of the Centura Porter Adventist Medical Building Portfolio. 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.

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
Senior Director
Investment Properties
+1 404 923 1259

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

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

Local Market Partners
DANN BURKE
First Vice President
Colorado Healthcare Brokerage
+1 720 528 6362

www.cbre.us/cm-healthcare

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