For Sale
$4,570,000

8199 Southpark LnLittleton, CO 80120

Fully Leased, High-Growth Medical Office

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Class A, 13,735 square foot medical office building in Littleton, Colorado presents a compelling investment opportunity. Located at 8199 Southpark Ln, 80120, this single-story, 100% occupied property boasts a strong tenant roster including national healthcare leaders like Optum Health, Fresenius Kidney Care, Quest Diagnostics, and others. The building, constructed in 2004, benefits from a fee-simple ownership structure and a stabilized investment profile with a 6.90% cap rate and a Net Operating Income (NOI) of $315,095. All four tenants are on NNN leases with annual rent bumps averaging 2.88%, ensuring consistent income growth and minimal landlord responsibilities. The property's strategic location in the Denver-Aurora-Lakewood MSA, within two miles of three major hospitals, and its convenient access via CO-470 and US-85, provide exceptional visibility and accessibility. The asking price is $4,570,000, translating to $332.73 per square foot. The anchor tenant, Optum Health, is a subsidiary of UnitedHealth Group, providing significant financial stability and creditworthiness. This investment offers a rare combination of strong cash flow, significant upside potential, and a resilient asset class within a rapidly growing market. The property's location within the top 20 largest MSAs in the US further enhances its long-term value and investment appeal.

Highlights

  • $4,570,000 asking price for a 100% occupied, Class A, 13,735 SF medical office building in Littleton, CO.
  • Anchored by Optum Health (S&P rated AA-), comprising 60% of the building, with other national tenants including Quest Diagnostics (S&P rated BBB+).
  • NNN leases with annual rent escalations of 2.88%, providing strong NOI growth and minimal landlord responsibilities.
  • Located in the Denver-Aurora-Lakewood MSA, the 19th largest in the U.S., with excellent access via CO-470 and US-85.
  • Situated within two miles of three major hospitals, offering high patient accessibility.
  • 6.90% cap rate and $315,095 NOI.

Property Details for 8199 Southpark Ln

Property type
Office properties, Medical offices
Square Feet
13,735 SF
Class
A
Year Built
2004
Buildings
1
Stories
1

Location Insight

City
Littleton
County
Arapahoe
State
Colorado
Latitude
39.5680942
Longitude
-105.0022539
8199 Southpark Ln, Littleton, Colorado

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8199 Southpark Ln
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