Overview

Description

10168 Parkglenn Way in Parker, Colorado is a 20,078 RSF (approx.) single tenant medical office building currently leased by Kaiser Permanente (“Kaiser”). Kaiser is currently in the process of designing a new 22,500 SF primary care office at the NE corner of Parker Road and Hess Road. Kaiser will vacate and occupy their new facility at the end of their current lease. This provides both an owner-user opportunity in addition to an investment opportunity to demise into either a multi-tenant or single tenant medical office layout. The property boasts ample parking at 5.6 per 1,000 RSF (98 parking spaces) with an attractive stucco & stone facade across the entire 2-story building.

The Town of Parker is a vibrant suburban community 25 minutes south of Denver and provides an active lifestyle due to its 250 acres of parks, 30 miles of developed trails and convenient access to year-round outdoor activities. Parker is 25 miles from Denver International Airport, less than 5 miles from Centennial Airport (nation’s 2nd busiest general aviation airport), with easy access to E-470 and I-25. For these reasons, 7 of 9 of Colorado’s Fortune 500 companies are located within 10 miles of Parker including Arrow Electronics, Newmont Group and Western Union among others.

Highlights

• Priced well below replacement cost for a fully constructed medical office building ($249/SF)
• Coveted suburban location with walkable amenities surrounding the property
• Minimal term remaining to allow for procurement of new tenant(s) or to provide flexibility in planning for future occupancy by an owner-user
• Complete medical buildout including extensive plumbing infrastructure throughout exam rooms, medical imaging area, pharmacy, etc.

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