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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29879030
29879042

10001 Washington St, Thornton, CO 80229

DN
CO ER40042508
Recentric Real Estate
Listed by Recentric Real Estate
$3,245,686
110 days on market
Updated 110 days ago

North Washington Medical Office Condominium

Details
Property Type Office
Sub Type Medical Office
Square Footage 10,958
Net Rentable (SqFt) 10,958
Cap Rate 7%
NOI $227,205
Occupancy 100%
Brand/Tenant Heartland Dental, MyEyeDr. (+1)
Lease Type NNN
Price per SqFt $296
Class B
Year Built 1978
Year Renovated 2025
Buildings 1
Stories 2
Investment Type Core+
Ownership Fee Simple

Medical Office | 7.00% CAP | 10,958 SqFt

Marketing description

100% occupied, 10,958 SF medical office condominium. North Washington Medical is anchored by established healthcare users including Heartland Dental, MyEyeDr., and Rocky Mountain Gastroenterology, providing immediate and predictable cash flow with limited volatility.

Investment highlights

North Washington Medical Campus also known as Condo 1, is currently managed by 10001 Washington CCMA, Inc., a commercial condo management association.

The property is fully leased to essential healthcare providers, a tenant class that historically demonstrates higher rent durability, stronger renewal rates, and lower sensitivity to economic cycles than traditional office users. MyEyeDr., a national optometry and vision care platform, anchors the tenant roster. The company operates 800+ locations across nearly 30 states, making it one of the largest and fastest-growing vision care providers in the U.S

Listing Contacts

DN
CO ER40042508
Recentric Real Estate
Listed by Recentric Real Estate

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$227,205.00
$18,933.75/mo

Valuation Metrics

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DSCR
7%
Cap Rate
7%
ROI

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