Value-Add Medical Office Investment – With Long-Term NNN Tenancy
This 22,165 RBA, three-story medical office building presents a compelling value-add opportunity, currently 68% occupied with a stable, long-term NNN lease in place with IntelliTec Medical College. The property is offered well below replacement cost at just $128/SF and includes covered parking for tenant and patient convenience.
Vacant suites are in turnkey condition, formerly built out for dental and physical therapy uses—ideal for owner-users or new tenants seeking immediate occupancy.
Market & Location Highlights:
New roof installed in 2017
Strategically located near Downtown Colorado Springs, just south of the U.S. Olympic & Paralympic Training Center
279,666 residents within a 5-mile radius with an average household income of $73,029
Colorado Springs is one of the fastest-growing cities in the U.S., with approximately 48% population growth to date and an additional 7% projected over the next five years
El Paso County is expected to surpass the Denver Metro population by 2050
Recognized Nationally:
#1 Most Desirable Place to Live – U.S. News & World Report (2022–2023)
#1 Best Place to Travel Globally – Forbes Advisor (2023)
Among the top U.S. cities for millennial population growth – Brookings Institute
This asset combines stable cash flow, upside potential, and a location in one of the nation's most dynamic growth markets.