Listed by Hoff & Leigh
$4,590,000
Grant Street Medical Pavilion
Details
Property Type Office
Sub Type Medical Office
Square Footage 16,756
Cap Rate 6.50%
NOI $298,440
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $274
Year Built 1987
Year Renovated 2026
Stories 2
Acreage 1.930
Zoning City Center
Parking Spaces 92 spaces
Parking per 1,000 SqFt 5.49
Investment Type Stabilized
Fully Occupied Medical Office Building for Sale
Marketing description
Thornton's population has grown 4.2% since 2020 to approximately 147,786 residents, and Adams County has reached 554,668 residents (+6.8%). Aging demographics and the shift toward outpatient care continue to drive demand for well-located suburban medical office — supported by immediate access to I-25, Highway 36, and E-470.
Investment highlights
- LONG-TERM SALE-LEASEBACK — Current ownership will execute a 10-year leaseback of the entire second floor — predictable long-term income with strong owner-tenant alignment.
- STABLE MEDICAL TENANCY — Fully leased to occupational medicine and behavioral health providers — two sectors with sustained growth and strong demand.
- BELOW REPLACEMENT COST — Offered at approximately $274/SF, well below the estimated cost of new medical office construction in the Denver market.
- NORTH DENVER GROWTH CORRIDOR — 10 miles north of downtown Denver with efficient access to I-25, Highway 36, and E-470 in fast-growing Adams County.
Listing Contacts
Listed by Hoff & Leigh
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$298,440.00
$24,870.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
