Office Medical

PIMA Medical Institute Building

7475 Dakin St, Denver, CO 80221

Listing Price: $11,000,000

Cap Rate
6.79%
Gross SF
63,821
Rentable SF
63,821
Price/Gross SF
$172.36
Year Built
1974
Lot Size
3.53 acres

Investment Overview

Marcus & Millichap is pleased to present the PIMA Medical Institute Building, a 63,811 rentable square feet, 98% occupied, Class B, medical office building located at 7475 Dakin Street in Denver, Colorado.

The building was constructed in 1974 on a 3.50 acre lot. Over $400,000 in capital improvements were recently completed. The entire parking lot was milled and resurfaced. Furthermore, all common areas and HVAC units were upgraded. The building is visible from U.S. Highway 36 near the Pecos Street exit. At least 163,000 cars commuting to Boulder or the Denver Metro Area drive-by the building daily. Downtown Denver is less than 15 minutes away.

The building is occupied by seven tenants, including PIMA Medical Institute, the largest private health school in the United States. They've heavily-funded their tenant improvements since occupying the building in March of 2007. Their lease expires in June of 2028, with the option to renew over 49,000 square feet for two, five-year terms. Two dentists, an oral surgeon, a psychologist, a senior care provider, and an owner-user are also on-site. Additionally, the roof is leased to three cell towers.

The PIMA Medical Institute Building, located at 7475 Dakin Street, is a great opportunity for an experienced investor searching for an anchored, recently-renovated, medical office building in Denver, Colorado.

Investment Highlights

  • 63,811 SF, 98% Occupied, Medical Office Building
  • List Price - $11,000,000 ($172.38/SF)
  • Year 1 CAP - 6.47%
  • PIMA Medical Institute (77% RBA) Expires 6/30/28
  • Recent Improvements Exceed $400K
  • High Visibility from U.S. Hwy. 36

Exclusively Listed By

Financing By

Office Medical

PIMA Medical Institute Building

Listing Price: $11,000,000

Cap Rate
6.79%
Gross SF
63,821
Rentable SF
63,821
Price/Gross SF
$172.36
Year Built
1974
Lot Size
3.53 acres

Investment Highlights

  • 63,811 SF, 98% Occupied, Medical Office Building
  • List Price - $11,000,000 ($172.38/SF)
  • Year 1 CAP - 6.47%
  • PIMA Medical Institute (77% RBA) Expires 6/30/28
  • Recent Improvements Exceed $400K
  • High Visibility from U.S. Hwy. 36

Investment Overview

Marcus & Millichap is pleased to present the PIMA Medical Institute Building, a 63,811 rentable square feet, 98% occupied, Class B, medical office building located at 7475 Dakin Street in Denver, Colorado.

The building was constructed in 1974 on a 3.50 acre lot. Over $400,000 in capital improvements were recently completed. The entire parking lot was milled and resurfaced. Furthermore, all common areas and HVAC units were upgraded. The building is visible from U.S. Highway 36 near the Pecos Street exit. At least 163,000 cars commuting to Boulder or the Denver Metro Area drive-by the building daily. Downtown Denver is less than 15 minutes away.

The building is occupied by seven tenants, including PIMA Medical Institute, the largest private health school in the United States. They've heavily-funded their tenant improvements since occupying the building in March of 2007. Their lease expires in June of 2028, with the option to renew over 49,000 square feet for two, five-year terms. Two dentists, an oral surgeon, a psychologist, a senior care provider, and an owner-user are also on-site. Additionally, the roof is leased to three cell towers.

The PIMA Medical Institute Building, located at 7475 Dakin Street, is a great opportunity for an experienced investor searching for an anchored, recently-renovated, medical office building in Denver, Colorado.

Exclusively Listed By

Financing By

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