10168 Parkglenn Way Parker, CO 80138

Property Details for 10168 Parkglenn Way

Year built

2008

Lot size

1.35 lot acres

Property size

15,818 SF

Property type

Medical offices

Property subtype

Medical centers

APN

R0496860

APU

R0496860

Description

This exceptional Class A medical office building, located at 10168 Parkglenn Way in Parker, Colorado, presents a unique investment or owner-user opportunity. The 20,078 square foot building, constructed in 2009, sits on a 1.71-acre lot and features a desirable stucco and stone exterior. Currently 100% occupied by a credit-rated tenant under a NNN lease expiring October 31, 2025, offering a remaining lease term of approximately 0.9 years. The property boasts ample parking (6.46 spaces per 1,000 square feet, totaling 98 spaces) and a complete medical build-out, including extensive plumbing infrastructure for exam rooms, medical imaging, and a pharmacy. The building is zoned Planned Development and offers 15,164 square feet of net rentable space. The asking price is $4,852,000, representing a price per square foot of $241.66 and a 9.87% cap rate with a current NOI of $478,901. This presents a compelling opportunity for an owner-user to occupy the space after the current lease expires or for an investor to reposition the property for multi-tenant or single-tenant occupancy. The property's location in a coveted suburban area with walkable amenities adds to its appeal. The property's APN is 2233-151-05-020 and 2233-151-05-019.

Location Insight

City

Parker

County

Douglas

State

Colorado

Longitude

-104.765

Latitude

39.534

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments