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Office Medical

Cheyenne Professional Plaza

5115 Fontaine Blvd, Fountain, CO 80817

Listing Price: $850,000

Cap Rate
9.09%
Rentable SF
6,520
Year Built
1993
Lot Size
0.52 acres

Investment Overview

The Kramer Group of Marcus & Millichap is pleased to present this Exclusive Listing for 5115 Fontaine Blvd in Fountain, CO., which consists of 6,520 rentable square feet, situated on .52 acres of land. This Class B Medical Office property was built in 1993, R-4 zoning, and had a new roof installed in 2019, new HVAC in 2018, and parking lot was re-paved in 2023. The two-story soon to be vacant Medical Office building is a great investment opportunity for an owner-user and is move-in ready for a new medical tenant(s). The previous tenant, Optum Health is paying rent through the beginning of April 2024 when their current lease expires. The property was most recently utilized for a single tenant and can easily be converted to a multi-tenant building. Our underwriting is based on 1-2 tenants moving in at a lease rate of $16/SF with rent commencing on 1/1/25

Investment Highlights

  • 2 Story Medical Office building consisting of 6,520 SF RBA, plus a 1,200 SF Basement
  • Seller Financing Option Available
  • Property sits on .52 Acres, 30 paved paved parking spots
  • Opportunity to purchase adjoining 1.31 Acre parcel
  • Great opportunity for an owner-user investment as a single or multi-tenant property, as current tenant will be vacating in April 2024
  • Property built in 1993 with concrete block construction, which was re-sealed in 2019
  • Property is located at the intersection of S Us Highway 85 87 and Fontaine Boulevard
  • New 50-year roof in 2019, New HVAC in 2018, Parking lot re-finished in 2023, New secutiry system in 2019 and an elevator servicing all floors

Exclusively Listed By

Financing By

Office Medical

Cheyenne Professional Plaza

Listing Price: $850,000

Cap Rate
9.09%
Rentable SF
6,520
Year Built
1993
Lot Size
0.52 acres

Investment Highlights

  • 2 Story Medical Office building consisting of 6,520 SF RBA, plus a 1,200 SF Basement
  • Seller Financing Option Available
  • Property sits on .52 Acres, 30 paved paved parking spots
  • Opportunity to purchase adjoining 1.31 Acre parcel
  • Great opportunity for an owner-user investment as a single or multi-tenant property, as current tenant will be vacating in April 2024
  • Property built in 1993 with concrete block construction, which was re-sealed in 2019
  • Property is located at the intersection of S Us Highway 85 87 and Fontaine Boulevard
  • New 50-year roof in 2019, New HVAC in 2018, Parking lot re-finished in 2023, New secutiry system in 2019 and an elevator servicing all floors

Investment Overview

The Kramer Group of Marcus & Millichap is pleased to present this Exclusive Listing for 5115 Fontaine Blvd in Fountain, CO., which consists of 6,520 rentable square feet, situated on .52 acres of land. This Class B Medical Office property was built in 1993, R-4 zoning, and had a new roof installed in 2019, new HVAC in 2018, and parking lot was re-paved in 2023. The two-story soon to be vacant Medical Office building is a great investment opportunity for an owner-user and is move-in ready for a new medical tenant(s). The previous tenant, Optum Health is paying rent through the beginning of April 2024 when their current lease expires. The property was most recently utilized for a single tenant and can easily be converted to a multi-tenant building. Our underwriting is based on 1-2 tenants moving in at a lease rate of $16/SF with rent commencing on 1/1/25

Exclusively Listed By

Financing By

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