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9218 Kimmer Dr, Lone Tree, ...

Updated Oct 29, 2024

HR Assets Acquires Property At 9218 Kimmer Dr Lone Tree For $14.8M With Doug Wulf As Seller's Rep
SOLDMedical Office

HR Assets Acquires Property At 9218 Kimmer Dr Lone Tree For $14.8M With Doug Wulf As Seller's Rep

9218 Kimmer Dr, Lone Tree, CO, 80124

$14,800,000

$426/SF

Building Size

34,685 SF

Asset Type

Medical Office

Closing

Nov 19, 2023

About this deal

AI

HR Assets has acquired Park Meadows Medical Center, a multi-tenant medical office property located at 9218 Kimmer Drive in Lone Tree, Colorado. The three-story building encompasses 34,685 square feet and features medical office space along with a surgery center. At the time of sale, the property was fully occupied, reflecting strong demand in the Lone Tree market. The transaction occurred off-market for a total price of $14.8 million.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $14,800,000.00
  • Address: 9218 Kimmer Dr, Lone Tree, CO, 80124
  • Market: Lone Tree
  • Seller's Representative: Doug Wulf, William Lucas & Stuart Thomas-Cushman & Wakefield
  • Buyer: HR Assets
  • Square Footage: 34,685
  • Occupancy Rate at Sale: 100%

William Lucas, Stuart Thomas, and Doug Wulf from Cushman & Wakefield’s Denver office represented the seller, Park Meadows Medical LLC, in the transaction, facilitating the exchange of this fully occupied medical office property.

Players

William Lucas

Cushman & Wakefield

Broker

$14.8M

vol

1 deal

Broker
HA
HR AssetsBuyer

Lone Tree Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

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Deal FAQ

About $426 per square foot on a published $14.8M for 34,685 square feet (2024).

Visit Cushman & Wakefield to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.07%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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