CBRE announced the sale of the Dry Creek Medical Office Building in Englewood, Colo. Chris Bodnar, Lee Asher, Ryan Lindsley and Jordan Selbiger with CBRE Healthcare and Life Sciences Capital Markets partnered with Dann Burke, Stephani Gaskins and Anna Heiserman in CBRE’s Denver office to represent the seller.
Built in 2000, the Dry Creek Medical Office Building totals approximately 57,250 sq. ft. It is 87% leased to a mix of established tenants including two surgery center anchor tenants. Other specialties represented at the property include imaging, OB/GYN, dentistry, ophthalmology, neurology, pain management and plastic surgery.
“The Dry Creek Medical Office Building is very well positioned for the future given the symbiotic tenant mix,” said Mr. Bodnar, vice chairman, CBRE. “There is overwhelming investor appetite for medical buildings in the Denver market. Buyer demand far outpaces available inventory.”
The property is located at 125 Inverness Dr. E. in Englewood, Colo., situated on the Dry Creek Medical Campus within a suburban residential and retail hub. In addition to the Dry Creek Medical Office Building, the campus includes a 20,000-sq.-ft. building that is currently being repositioned as an orthopedic surgery center and a brand new 53,000-sq.-ft. medical office building, anchored by Orthopedic Centers of Colorado.
The campus is two blocks east of I-25 and the Dry Creek light rail station, within 20 minutes of several area hospitals including Sky Ridge Medical Center, Littleton Adventist Hospital, Centennial Medical Plaza, Swedish Medical Center, Porter Adventist Hospital and Medical Center of Aurora.
