Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is offering qualified investors the opportunity to acquire a three-building medical office portfolio totaling 151,299 in Colorado Springs, Colorado. The portfolio is 88 percent leased in the aggregate and anchored by Colorado Springs Health Partners (CSHP), a wholly-owned division of DaVita Healthcare Partners (Moody’s Ba3), which occupies 57 percent of the GLA. The medical office properties are situated in a strong commercial area with heavy medical retail concentration and have upside potential by leasing the available space to new and existing tenants.
The medical portfolio for sale comprises three buildings strategically situated in a medical office- oriented business park, including 1625 Medical Center Point, which is 70,045 square feet and 83 percent leased to nine different medical tenants. Of these nine tenants, CSHP is the largest tenant by footprint and leases 51 percent of the GLA. The remaining properties are the 50,254-square-foot 1633 Medical Center Point, which is fully leased to CSHP, and the 31,000-square-foot 1644 Medical Center Point, which is 78 percent leased to two tenants with approximately 10 years of remaining lease term. All properties are owned fee simple and are being offered free and clear of debt.
The medical office portfolio for sale comprises three buildings with strong anchor tenancy and in a medical office corridor in Colorado Springs with excellent demographics. For more information on this commercial property or other medical office properties for sale, please contact Jules Sherwood or Nate Perry in HFF’s Denver office. Click here to be taken to our real estate investment sales search page for a current listing of commercial properties for sale.