820 Clermont St - Medical FOR SALE


Denver, CO 80220- Hale
$2,499,000 USD
773-505-7755
820 Clermont St, Denver, CO for Sale
$2,499,000 USD
Medical - FOR SALE
1/19
null | Request Cap Rate

NEW


820 Clermont St
Denver, CO 80220
Hale


HIGHLIGHTS

  • ±14,560/SF (+/-13,046/SF RBA) 0.25 Acres
  • Value-add opportunity for investors or owner-users, below-market rents, and multiple paths to enhance income or reconfigure the building.
  • New roof (2023) with increased R-value insulation and improved drainage. Recently installe single-stage jack hydraulic elevator system
  • Maintenance and sealing of the elevated parking deck with Elastrome surface material, brand-new hot water heaters, recent chiller and boiler upgrades
  • Newly completed spec suites available for immediate occupancy
  • One block south of Rose Medical Campus

OVERVIEW

The Kramer Group of Marcus & Millichap is pleased to present the exclusive offering of 820 Clermont Street in Denver, Colorado. This 14,560 SF (+/- 13,046 SF RBA) medical office building is strategically positioned in Denver’s highly sought-after Hale neighborhood, just one block south of the Rose Medical Campus and surrounded by major redevelopments. As a result, the property delivers exceptional visibility, walkability, and strong long-term demand drivers. This asset represents a compelling value-add opportunity for investors or owner-users, supported by flexible G-MX-3 zoning, below-market rents, and multiple paths to enhance income or reconfigure the building. Recent capital improvements further reduce near-term capital exposure and enhance operational stability, including a new roof with increased R-value insulation and improved drainage, a recently installed single-stage jack hydraulic elevator system, maintenance and sealing of the elevated parking deck with Elastrome surface material, brand-new hot water heaters, recent chiller and boiler upgrades with smart controls, a new sewer connection to the City main, and newly completed spec suites available for immediate occupancy. With strong fundamentals, a prime infill location, and future redevelopment potential, 820 Clermont offers a rare combination of stability, flexibility, and upside within one of Denver’s premier medical corridors.

FOR SALE DETAILS

PRICE

$2,499,000 USD

PRICE/SF

$172 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

G-MX-3

APN/PARCEL ID

6063-05-003

ASK ABOUT THIS PROPERTY

Erik EnstadMarcus & MillichapMore Info
773-505-7755

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Erik EnstadMarcus & MillichapMore Info
773-505-7755

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.