HCA HealthONE Acquires Medical Office In Wheat Ridge For $14.5 Million From CentrePoint Properties

The property asset involved in this transaction is a medical office located at 7615 West 38th Avenue, Wheat Ridge, Colorado. The asset spans 5.18 acres and has a total square footage of 52,750. The transaction was completed at a sale price of $14,500,000, which corresponds to a price per square foot of $275.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $14,500,000
• Address: 7615 West 38th Avenue
• Market: Wheat Ridge, CO
• Acres: 5.18
• Square Footage: 52,750
• Price Per Square Foot: $275
• Buyer: HCA HealthONE
• Seller: CentrePoint Properties
• Brokers: Jon Hendrickson & Aaron Johnson - Cushman & Wakefield

This transaction featured HCA HealthONE as the buyer, which intends to develop a health park featuring medical office space and emergency services adjacent to the existing Clear Creek Surgery Center. The seller, CentrePoint Properties, completed this transaction as part of their asset management portfolio.