Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale the Downtown Castle Rock Medical Office Building located at 755 S. Perry St. Castle Rock, CO. The property has approximately 16,649 square feet of rentable space and is 83 percent occupied. The Downtown Castle Rock Medical Office Building was built in 1983 and renovated in 2002. The property presents an investor or owner/user with a value-add opportunity to acquire an multi-tenant office building in Castle Rock, Colorado. Recent upgrades include new HVAC systems in 2020 and ongoing installation of a new roof by the owner, ensuring improved operational efficiency and reduced maintenance costs. Furthermore, the parking lot was re-striped and updated in 2022, providing ample convenience with 87 surface parking spaces, equivalent to a ratio of 5.2 spaces per 1,000 square feet. Additionally, the inclusion of an elevator servicing the second floor enhances accessibility and usability. The multi-tenant medical office building is conveniently located adjacent to I-25, with excellent visibility and easy access to the property. The subject property benefits from strong demographics, serving a five-mile population of approximately 75,047 residents with a five-mile average household income exceeding $158,727.