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Arapahoe & Douglas Counties

Property Location: 1) 3535 S. Lafayette St., Englewood; 2) 9331 S. Colorado Blvd., Highlands Ranch; 9330 S. University Blvd., Highlands Ranch

Property Description: 1) 22,074-sf, two-story medical building, YOC 2015, masonry; 2) 13,147-sf, two-story medical building, plus partially finished basement, YOC 2005;  3) 23,500-sf medical building, YOC 1997 (total 58,721 sf)

Land Size: 1) 40,600 sf 2) 34,989 sf 3) 2.656 acres

Sales Price: $18M, or $306.53 psf

Reception No.: D7067489

Grantor: Cherry Hills Medical Plaza LLC, 9330 LLC & 9331 LLC, Richard A. Siegert

Grantee: CHP MOB LLC, 832 Georgia Ave., Suite 221, Chattanooga, TN 37402, Steen Watson, mgr., 703-508-8262

Closing Date: 6/15

Financing: Cash

Comments: All three properties were listed by Richard Calhoun, 303-926-5253 & Max Muller of RealSource Group, 303-926-5248. The Englewood property sold for $6.3M, or $285.40 per square foot. The property at 9331 S. Colorado Blvd sold for $4.25M, or $323.27 per square foot, and the property at 9330 S. University Blvd. in Highlands Ranch sold for $7.45M, or $317.02 per square foot. Garrison “Garry” Rodgers, CCIM, is part of the Chestnut Real Estate Investment team, 423-619-6969.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or [email protected]

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