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4650 Signal Tree Dr - Building B
4,778 SF Office/Retail Unit Offered at £1,955,142 in Timnath, CO 80547
Investment Highlights
- Strong tenant credit rating (AA- according to Fitch)
- High-end medical build features 12 exam rooms equipped with water, a nurses station, a break room, and a backup generator
- Timnath was the second fastest growing municipality in Colorado between July 2020 and July 2022 posting a 38.7% increase in population
- Banner Health stands as one of the nation’s largest secular nonprofit healthcare systems with an extensive network of 30 acute-care hospitals
- This location is in a synergistic shopping center with complementary tenants for the surrounding neighborhood
- Average household incomes above $200,000/yr within a 1-mile radius
Property Facts
| Price | £1,955,142 | Building Class | B |
| Unit Size | 4,778 SF | Number of Floors | 1 |
| No. Units | 1 | Typical Floor Size | 23,120 SF |
| Total Building Size | 23,120 SF | Year Built | 2018 |
| Property Type | Office (Unit) | Lot Size | 1.79 AC |
| Property Subtype | Medical | Parking Ratio | 5.41/1,000 SF |
| Sale Type | Investment |
| Price | £1,955,142 |
| Unit Size | 4,778 SF |
| No. Units | 1 |
| Total Building Size | 23,120 SF |
| Property Type | Office (Unit) |
| Property Subtype | Medical |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 1 |
| Typical Floor Size | 23,120 SF |
| Year Built | 2018 |
| Lot Size | 1.79 AC |
| Parking Ratio | 5.41/1,000 SF |
1 Unit Available
Unit 200
| Unit Size | 4,778 SF | Sale Type | Investment |
| Price | £1,955,142 | Net Initial Yield | 6.75% |
| Price Per SF | £409.20 | NOI | £131,980.76 |
| Unit Use | Office/Retail | APN/Parcel ID | 86022-18-200 |
| Unit Size | 4,778 SF |
| Price | £1,955,142 |
| Price Per SF | £409.20 |
| Unit Use | Office/Retail |
| Sale Type | Investment |
| Net Initial Yield | 6.75% |
| NOI | £131,980.76 |
| APN/Parcel ID | 86022-18-200 |
Description
Blue West Capital is pleased to exclusively offer for sale the Banner Health medical office condo in Timnath, CO. The tenant has ~2 years remaining on lease with two (2) three (3) year options.
This investment offers prospective buyers the opportunity to acquire a single tenant investment with a credit tenant at a generous cap rate.
With increasing population density, strong income demographics, and complementary tenants within the same shopping center, this asset is prime for a buyer to negotiate a lease extension with a high probability that Banner Health will stay.
Timnath, CO has seen significant population growth, including a 38.7% increase between July 2020 and July 2022. Within a one-mile radius, average household income is $204,000 and the property is surrounded by newly built houses and upcoming residential developments, demonstrating a flourishing market.
Major Tenant Information Click Here to Access
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Banner Health |
99,999 SF SF
|
Jan 0000
|
-
Eric Diesch -
Bryce McNeely -
Blue West Capital, LLC.
Presented by
4650 Signal Tree Dr - Building B
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