Office Medical
Chatfield Plaza
10789 Bradford Rd, Littleton, CO 80127
Listing Price: $4,150,000
Investment Overview
Marcus & Millichap is pleased to offer for sale Chatfield Plaza, located at 10789 Bradford Road in Littleton, Colorado. This 1.6-acre property features a fully occupied Class B office/medical building, consisting of 20,034 rentable square feet. Constructed in 2002, this masonry/steel building stands two stories tall, with an elevator and an attractive lobby area. The building currently has 11 tenants, 48 percent of whom are medical users and 52 percent office users and is 100 percent occupied. Parking is plentiful, with a ratio of 4.3 to 1,000 square feet. In 2022, the current ownership installed solar panels at over $200,000, offering energy savings of about $2,000 per month.
Denver is the capital and most populous city in Colorado, with a population of over 743,000 residents. The property is situated in the southwestern sector of the Denver MSA, in the growing suburb of Littleton. Just three blocks north of the highly traveled Kipling/ C-470 interchange is the Ken Caryl Business Park where the property is located. This location offers accessibility that is convenient for commuting personnel and business operations. This business park has played a part in meeting the growing demand for retail and office space in the area over the past decade. The neighborhoods surrounding the property are becoming increasingly densely populated due to Littleton’s proximity to downtown Denver. Access to major highways and service from two RTD light rail stations make Littleton a well-rounded and desirable community for both families and professionals.
Investment Highlights
- Stable | Currently 100% Occupied; 95%+ Occupancy Over Past Ten Years
- Several Long-Term Tenancies
- Strong MOB Regional Market Fundamentals
- 48% Medical and 52% Office | High Demand for Suburban MOB Quality Medical/Office Space
- Located Just Off the Kipling - C-470 Interchange | Surrounded by Densely Populated Neighborhoods to the South and East
- Solar Panels Installed on the Roof in 2022 at a Cost of Approximately $200,000 | Energy Savings of Approximately $2,000/Month
- Priced Well-Below Replacement Costs
Exclusively Listed By
Listing Price: $4,150,000
Investment Highlights
- Stable | Currently 100% Occupied; 95%+ Occupancy Over Past Ten Years
- Several Long-Term Tenancies
- Strong MOB Regional Market Fundamentals
- 48% Medical and 52% Office | High Demand for Suburban MOB Quality Medical/Office Space
- Located Just Off the Kipling - C-470 Interchange | Surrounded by Densely Populated Neighborhoods to the South and East
- Solar Panels Installed on the Roof in 2022 at a Cost of Approximately $200,000 | Energy Savings of Approximately $2,000/Month
- Priced Well-Below Replacement Costs
Investment Overview
Marcus & Millichap is pleased to offer for sale Chatfield Plaza, located at 10789 Bradford Road in Littleton, Colorado. This 1.6-acre property features a fully occupied Class B office/medical building, consisting of 20,034 rentable square feet. Constructed in 2002, this masonry/steel building stands two stories tall, with an elevator and an attractive lobby area. The building currently has 11 tenants, 48 percent of whom are medical users and 52 percent office users and is 100 percent occupied. Parking is plentiful, with a ratio of 4.3 to 1,000 square feet. In 2022, the current ownership installed solar panels at over $200,000, offering energy savings of about $2,000 per month. Denver is the capital and most populous city in Colorado, with a population of over 743,000 residents. The property is situated in the southwestern sector of the Denver MSA, in the growing suburb of Littleton. Just three blocks north of the highly traveled Kipling/ C-470 interchange is the Ken Caryl Business Park where the property is located. This location offers accessibility that is convenient for commuting personnel and business operations. This business park has played a part in meeting the growing demand for retail and office space in the area over the past decade. The neighborhoods surrounding the property are becoming increasingly densely populated due to Littleton’s proximity to downtown Denver. Access to major highways and service from two RTD light rail stations make Littleton a well-rounded and desirable community for both families and professionals.