For Sale

Huron Links

11310 Huron St | Northglenn, CO 80234

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CITY

Northglenn

COUNTY

Adams

SUBMARKET

N Denver

BLDG USE

Office/Medical

YR BUILT

2000

# OF BLDG's

1 Bldg

BLDG SF

16,385/SF

STORIES

3

PARKING

4.89/1,000

TENANCY

Multiple

  • PROPERTY TYPE

    Office/Medical

  • Price

    $2,950,000

  • Price Per/SF

    $180.04/SF

  • Cap Rate

    7.05%

  • Type

    Investment

PROPERTY OVERVIEW


Huron Links Medical Office Building is a 16,385 square foot fully occupied Medical office building that is Priced at a Cap Rate of 7.05% on actual income. The rent roll is a mix of healthcare oriented tenants with businesses that provide essential services to the community which include chiropractic, psychiatric, dental, and primary medical care. Each tenant has executed a multi years lease with an average rent of $19.76/SF and $0.50/SF annual escalations. Built in 2000 this building has been very well-maintained and offers desirable features including a large lobby, ADA compliant restrooms, elevator access, and high-end office and medical build-out. Huron Links is a great investment based solely on the building, rent roll, and income but additional bonus is the large area of raw land on the 2.198 Acre site that offers the ability to build a second income producing building. This investment is an opportunity to own a medical office building that is income producing, well located, easy to manage, with future development opportunity.

PROPERTY HIGHLIGHTS


100% occupied multi tenant Medical Office investment
Priced on actual numbers at a 7.05% Cap Rate
Offered below the replacement cost at $180.04 per square foot

Full Service Lease with an average Rent of $19.76/SF & $0.50/SF escalations
Tenants include chiropractic, psychiatric, dental, & primary medical
Includes raw land for future development

Offering Summary


Pricing and returns

Price

Price per SF

CAP Rate

 

 

 

 

 

 

 

 

 

$2,950,000

$180.04

7.05%

 

Operating data

Base Rent

Expense Reimbursement

Additional Income

Gross Potential Income

Vacancy Factor

Reserves

Effective Gross Income

Total Expenses

Net Operating Income

 

 

 

 

 

5.00%

$0.15

 

 

 

 

 

 

 

 

 

 

 

$362,155

$6,123,24

$0

$362,278

$18,108

$2,458

$34,712

$139,882

$207,830

 

Proposed financing

Down Payment

Loan Amount

Interest Rate

Amortization (Years)

Debt Service

 

30.00%

 

 

 

 

 

 

 

 

 

 

 

$885,000

$2,065,000

5.00%

25

$144,861

 

Return on investment

Net Cash Flow

Cash-On-Cash

Principal Reduction

Total Return

Total Return %

 

 

 

 

 

 

 

 

 

 

 

 

 

$62,969

7.12%

$42,578

$105,547

11.93%

 

The information contained herein was obtained from sources believed reliable; however, Unique Properties makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation on this property is submitted subject to errors, omission, changes of price, or conditions, prior to sale or lease, or withdrawal without notice.

Daron Pair

Scott L Fisher

Senior Associate Broker

Phone: 305.512.1158
Cell: 303.882.8622
Fax: 720.638.5529
Email: sfisher@uniqueprop.com

Please note, all information furnished in this presentation has been secured from sources we believe to be reliable. However, we accept no responsibility for its correctness and encourage the verification of all numbers prior to making any financial decisions. We may owe duties to the landlord, which can include utmost good faith. We may negotiate on behalf of and act as advocate for the landlord. Please do not tell us any information that you do not want shared with the landlord. You are not legally responsible for our actions. Although we do not represent you, we will disclose to you all adverse material facts about the property actually known to us in accordance with Colorado Law. We will assist you without regard to race, creed, sex, religion, national origin, familial status or handicap.