Cherry Creek Medical Pavilion 155 S Madison St 42,138 SF 87% Leased Office Building Denver, CO 80209 For Sale

CBRE U.S. Healthcare Capital Markets is pleased to exclusively offer the opportunity to acquire Cherry Creek Medical Pavilion (the “Property”), a three-story, 45,023 square-foot, multi-tenant medical outpatient center in the heart of Denver, Colorado. Located in Denver’s top submarket, Cherry Creek, the Property possesses a highly desirable demographic where the average household income totals $232,000 which is 60% higher than the Denver MSA. Tenancy within Cherry Creek Medical Pavilion has transitioned in recent years to be primarily medical as providers seek to capitalize on the affluent patient base. In 2020, the Property underwent a major renovation that included a new modern lobby, common area upgrades, and high-end spec suites.
Cherry Creek Medical Pavilion is less than two miles away from HCA HealthONE Rose, commonly referred to as Rose Medical Center”. The 422-bed hospital has earned a reputation as Denver’s “Baby Hospital” providing services including orthopedic care, labor and delivery, weight loss and women’s care, as well as cardiology, gastroenterology, neurological care, spine care and physical therapy.
To review materials posted to the “Virtual Deal Room”, please visit www.CherryCreekMedicalPavilion.com to sign the Confidentiality Agreement and immediately be able to view/download the Offering Memorandum. Or copy and paste this in your browser: https://www.cbredealflow.com/handler/modern.aspx?pv=9HyXpBwIy3hwdlP6rcbCUvhDXgC3-gmLzqX7An5UoPU#_top
INVESTMENT HIGHLIGHTS:
- Rare Cherry Creek Opportunity – Denver’s Top Submarket
- Significant Discount to Replacement Cost
- Proximate to Four Hospitals Totaling 1,548 Beds
- Exceptional Demographic Trends and Affluent Patient Base
- Recent Major Renovation
- Highly Accessible Location
- Opportunity to Complete Medical Conversion