NavPoint Real Estate Group Sells Medical Office Building in Lone Tree, Colorado for $3,180,800 ($400/SF)
navpoint / January 13, 2022
Castle Rock, CO – NavPoint Real Estate Group is pleased to announce it has completed the sale of the 7,952 SF medical office building located at 10465 Park Meadows Drive, Units 102, 201, and 203 in Lone Tree. The property was fully occupied by Rocky Mountain Pediatric Gastroenterology at the time of sale.
10465 Park Meadows is located at the northwest corner of Interstate 25 and Lincoln Avenue. The property was built in 2007 and is located within walking distance to the Lincoln Transit Stop. There are 380 parking spaces that are shared throughout the entire 6-building project.
The Seller, OmniPark Meridian LLC, was represented by Perry Bacalis with Carr Healthcare Realty. The Buyer, 469 Suite 100 LLC, was represented by Matt Call of NavPoint Real Estate Group. The buyer acquired the property via a 1031 exchange.
NavPoint Principal, Matt Call commented on the sale “This asset was acquired off market and checked all the boxes for my client, great location, quality credit on the lease, highly finished medical space and strong remaining term on the lease. The I-25 Lincoln interchange is becoming a more desirable location every day.”
This transaction successfully closed in October 2021.
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