Absolute NNN Medical
For Sale
Contact for pricing
478 S MARTIN ST, Longmont, CO 80501
Purpose-built brick facility with specialized labs, medical rooms, and an absolute net lease structure.
Property Size16,694 SF
Lot Size3.00 Acres
Price / SF$526.54
Days on Market117
Property Features for 478 S MARTIN ST
General Information
Standard status
Active
Size
16,694 SF
Class
A
Total Parking Spaces
124
Lot size
3.00 Acres
Property subtype
Office
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$593,471
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2015
Buildings
1
Stories
1
Units
124
Tenancy
Single
Building Size
16,694 SF
Construction
brick
Owner Occupied
No
Listing Agency:
River West Real Estate Group
Listed By:
Jason Caplan · License #AZ BR700751000
Source:
Crexi
Added: May 7
Changed: Aug 30
Last Checked: Aug 30 at 10:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of River West Real Estate Group
Investment Insights
Based on property information with market context.
Built in 2015, this 16,694-square-foot, all-brick medical facility occupies 3 acres and was designed for BioLife Plasma Services. The building contains specialized laboratory areas and medical rooms, with 124 parking stalls supporting its operating requirements. BioLife has occupied the property since 2015.
The asset is leased under an absolute NNN structure, with 4.5 years remaining on the base term. The agreement provides 3% rent escalations every three years, with the next increase scheduled for October 2027, and includes three 5-year renewal options. Baxalta, Inc. guarantees the lease.
The property is located at 478 S. Martin Street in Longmont, Colorado, at the signalized intersection of Ken Pratt Boulevard and S. Martin Road. The site is positioned along the US-287 corridor within the Denver/Boulder MSA, where the combined traffic count is 58,693 VPD.
The asset is leased under an absolute NNN structure, with 4.5 years remaining on the base term. The agreement provides 3% rent escalations every three years, with the next increase scheduled for October 2027, and includes three 5-year renewal options. Baxalta, Inc. guarantees the lease.
The property is located at 478 S. Martin Street in Longmont, Colorado, at the signalized intersection of Ken Pratt Boulevard and S. Martin Road. The site is positioned along the US-287 corridor within the Denver/Boulder MSA, where the combined traffic count is 58,693 VPD.
Key Highlights
- 16,694 SF medical facility on 3 acres
- Absolute NNN lease with 4.5 years remaining on the base term
- Three 5‑year renewal options and 3% rent escalations every three years
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Explore this area
Business Placement
Demographics for 80501, CO
42,822
Population
19,173
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,399
Density / Sq Mi
$77,705
Median Household Income
$42,599
Median Earnings
$1,586
Median Rent
$461,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Purpose-built brick facility with specialized labs, medical rooms, and an absolute net lease structure.
Where is this nnn property located?
The property is located at 478 S MARTIN ST Longmont, CO.
What is the asking price?
The asking price for this property is $8,790,000.
What are key features of this property?
This property features: 16,694 SF medical facility on 3 acres; Absolute NNN lease with 4.5 years remaining on the base term; Three 5‑year renewal options and 3% rent escalations every three years
