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25456139
25456140

4855 Ward Rd, Wheat Ridge, CO 80033

MB
CO FA100048408
CBRE - Denver Downtown
AL
CO CO. ER100091205, UT 6250302-PB00 (+5)
Marcus & Millichap - Denver
JD
CA CA 01965942
Marcus & Millichap - Encino
AS
CA CA 02023489
Marcus & Millichap - Encino
Listed by CBRE - Denver Downtown, Marcus & Millichap - Denver, Marcus & Millichap - Encino
$1,040,000
312 days on market
Updated 11 days ago

4855 Ward Road, Suite 500

Details
APN 39-173-02-029
Property Type Office
Sub Type Medical Office
Square Footage 2,117
Units 1
Cap Rate 6.52%
NOI $67,837
Tenancy Single
Lease Type NNN
Lease Expiration 04/29/2031
Remaining Term 4.9
Rent Bumps Yes
Price per SqFt $491
Year Built 2001
Buildings 1
Stories 1
Zoning C-1
Investment Type Owner/User

Office | 6.52% CAP | 2,117 SqFt

Marketing description

Marcus & Millichap is pleased to present the exclusive opportunity to acquire 4855 Ward Road, Suite 500, a 2,117-square-foot vacant medical office condominium located in Wheat Ridge, Colorado.

Formerly an ophthalmology/optometry clinic, the Property offers an exceptional chance for medical practices to own their real estate and capitalize on the existing medical tenant improvements. A unique value proposition includes the remaining 5.5 years on the prior tenant's triple net (NNN) lease, providing the buyer with immediate rental income until future occupancy.

Strategically located within a well-maintained medical and professional office condominium complex, the property benefits from its close proximity to a Kaiser Permanente medical campus and is just 1.4 miles from Intermountain Health Lutheran Hospital. Further advantages include convenient freeway access, abundant parking, updated interior finishes, and a variety of nearby retail amenities.

Investment highlights

• Investment or Owner-User Opportunity

• Available For Immediate Occupancy, But Current NNN Lease In-Place Through 4/30/31

• Fully Built Out 2nd Generation Medical Office Space

• Located Adjacent to Kaiser Permanente Wheat Ridge Medical Offices

• Easy I-70 Access | Ample Parking

• 1.4 Miles From Intermountain Health Lutheran Hospital

• Well-Maintained Office/Medical Condo Park

• 5-MILE POPULATION: 364,573 | 5-MILE HH INCOME: $104,459

Listing Contacts

MB
CO FA100048408
CBRE - Denver Downtown
AL
CO CO. ER100091205, UT 6250302-PB00 (+5)
Marcus & Millichap - Denver
JD
CA CA 01965942
Marcus & Millichap - Encino
AS
CA CA 02023489
Marcus & Millichap - Encino
Listed by CBRE - Denver Downtown, Marcus & Millichap - Denver, Marcus & Millichap - Encino

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$67,837.00
$5,653.08/mo

Valuation Metrics

0
DSCR
6.52%
Cap Rate
6.52%
ROI

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Additional Information

Name
Adam Lewis
License
CO ER.100091205
Brokerage
M&M
Title
Broker of Record
Name
Molly Bayer
License
FA100048408
Brokerage
Molly Bayer
Name
Adam Lewis
License
CO. ER100091205
Brokerage
Marcus & Millichap
Brokerage Phone
3033282000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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