CURRENT PROPERTY
2599 Wadsworth Blvd.
Lakewood, CO
ASSET CLASS:
Medical Office
ASSET SUB-TYPE:
Stand-alone, single pad site.
BUILDING:
4,800 sq ft, (4) units
Investment Report
Thesis
Overview
- Dental buildings can be great long-term investments.
- Dentistry is still needed during recessionary times.
- There is a high cost to relocate for dental tenants.
- Owning on a main thoroughfare at a stoplight can provide good traffic for tenants
Risks
- Tenant leaves and units need to be rehabbed.
- Front façade needs to be updated to improve future potential leasing activity.
OUTLOOK & EXIT
- If the property was sold today at a similar cap rate of when it was purchased, the projected-annualized,un-levered return would be approximately 12.35%.
- The projected 10-year annualized return is 9.1%.