Office Medical
Pikes Peak Medical Center
2504 E Pikes Peak Ave, Colorado Springs, CO 80909
Listing Price: $2,848,000
Investment Overview
Marcus & Millichap is pleased to offer exclusively the opportunity to acquire this value-add Medical Office Building below replacement cost in Colorado Springs. The majority of the Center (68%) is leased on on a long-term, landlord friendly NNN lease to Intellitec Medical College. The vacant units remaining are turn-key as former Dental and Physical Therapy Offices. Colorado Springs has grown by approximately 48% and is projected to grow another 7% in the next five years. By 2050, the population of El Paso County is expected to exceed the population of the Denver Metro area.
Investment Highlights
- Value-Add Medical Office 80% Occupied on Long-term, Landlord Friendly NNN Leases with IntelliTec Medical College and LSC Transportation Consultants
- Three-Story Medical Office with Covered Parking Well Below Replacement Cost at $128/SF
- Vacant Units Turn-Key as former Dental and Physical Therapy Offices
Exclusively Listed By
Financing By
Listing Price: $2,848,000
Investment Highlights
- Value-Add Medical Office 80% Occupied on Long-term, Landlord Friendly NNN Leases with IntelliTec Medical College and LSC Transportation Consultants
- Three-Story Medical Office with Covered Parking Well Below Replacement Cost at $128/SF
- Vacant Units Turn-Key as former Dental and Physical Therapy Offices
Investment Overview
Marcus & Millichap is pleased to offer exclusively the opportunity to acquire this value-add Medical Office Building below replacement cost in Colorado Springs. The majority of the Center (68%) is leased on on a long-term, landlord friendly NNN lease to Intellitec Medical College. The vacant units remaining are turn-key as former Dental and Physical Therapy Offices. Colorado Springs has grown by approximately 48% and is projected to grow another 7% in the next five years. By 2050, the population of El Paso County is expected to exceed the population of the Denver Metro area.