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4650 Signal Tree Dr
Timnath, CO 80547

$2,478,000 USD

Medical Condo For Sale  •  4,778 SF

Property Details

  • Property Type Medical
  • Total Building Size 23,120 SF
  • Lot Size 1.79 AC
  • Building Class B
  • Year Built 2018
  • Tenancy Multiple
0 Transit Score
19 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 200 Office/Retail 4,778 SF $2,478,000 USD
  • Unit Size: 4,778 SF
  • Condo Use: Office/Retail
  • Price: $2,478,000 USD
  • Sale Type: Investment
  • Price/SF: $518.63 USD
Description
Blue West Capital is pleased to exclusively offer for sale the Banner Health medical office condo in Timnath, CO. The tenant has ~2 years remaining on lease with two (2) three (3) year options.

This investment offers prospective buyers the opportunity to acquire a single tenant investment with a credit tenant at a generous cap rate.

With increasing population density, strong income demographics, and complementary tenants within the same shopping center, this asset is prime for a buyer to negotiate a lease extension with a high probability that Banner Health will stay.

Timnath, CO has seen significant population growth, including a 38.7% increase between July 2020 and July 2022. Within a one-mile radius, average household income is $204,000 and the property is surrounded by newly built houses and upcoming residential developments, demonstrating a flourishing market.

Highlights

Strong tenant credit rating (AA- according to Fitch)
Banner Health stands as one of the nation’s largest secular nonprofit healthcare systems with an extensive network of 30 acute-care hospitals
High-end medical build features 12 exam rooms equipped with water, a nurses station, a break room, and a backup generator
This location is in a synergistic shopping center with complementary tenants for the surrounding neighborhood
Timnath was the second fastest growing municipality in Colorado between July 2020 and July 2022 posting a 38.7% increase in population
Average household incomes above $200,000/yr within a 1-mile radius

Property Flyers

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 125
Type: Surface
Included in Rent: Yes
Eric Diesch 720-638-5412 Blue West Capital, LLC.
Eric Diesch 720-638-5412 Blue West Capital, LLC.