Property Listing No Longer Available for Sale

2233 Academy Place, Colorado Springs, CO

Health Care for Sale - $4,765,000 - 32,106 Sq. Ft. on 2.02 acres


Property Info

CIMLS#1066307
Location
  2233 Academy Place
  Colorado Springs CO 80909
UpdatedMarch 3rd, 2021
TypeHealth Care
Price$4,765,000
Building32,106 Sq. Ft.
Land2.02 acres

Property Description

NavPoint Real Estate Group is pleased to offer the opportunity to acquire 2233 Academy Place, a two-story, multi-tenant, medical office building, consisting of 32,106 rentable square feet. Sitting on 2.02 acres and conveniently located off Academy Blvd in Colorado Springs, this property has undergone a multi-million-dollar renovation including high quality tenant finishes and upgraded interior and exterior features. Set to open early February 2020, the building is anchored by a brand new, state-of-the-art assessment and treatment center operated by the renown Shandy Clinic. This unique clinic features an aquatic therapy pool, gym facility, and ADL lab which will make it the first of its kind in the state of Colorado.

Currently 95.27% occupied with 82% medical tenancy, 2233 Academy Place provides an investor with the opportunity to own a stable, cash-flowing asset with limited short-term lease turn over and under-market rents.


Financials