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    FOR LEASE
    Medical Office Space

    8890 N Union Blvd, Colorado Springs, CO 80920

    62,557 SF 4.65 ac lot Built 2002
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US13-0663582
    Property summary
    AI-generated overview

    The Briargate Medical Campus, located at 8890 N Union Blvd, Colorado Springs, CO 80920, presents a unique opportunity for medical professionals seeking prime office space. This two-story, Class A building, constructed in 2002, offers a total of 26,050 square feet, with 16,241 square feet currently vacant and available for lease. The flexible floor plan allows for spaces ranging from a minimum of 6,857 square feet to a maximum contiguous space of 16,241 square feet, catering to various practice sizes and needs. The building boasts ample parking with 295 spaces available for tenants and their clients. Its convenient location within the Union Town Center shopping center area provides excellent visibility and accessibility, situated just minutes away from Memorial Hospital's north campus. The property is zoned PBC and is part of the Northwest submarket of Colorado Springs. This well-maintained building offers an efficient and modern workspace, ideal for medical practices seeking a prestigious and convenient location. The building's Class A designation reflects its high-quality construction and amenities, ensuring a professional and comfortable environment for both staff and patients. Interested parties should inquire about lease terms and availability for the available 16,241 square feet of vacant space.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2002
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 62,557 SF
    Lot 4.65 ac (202,554 SF)
    Zoning code PBC/CR
    APN 6234406009
    UPID US13-0663582
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • UCHealth Laboratory - Briargate Medical Laboratory
    • UCHealth Orthopedics - 8890 N Union Medical Clinic
    • Burton Matthew J DDS Dental Office
    • Dino Dental Dental Office
    • ABC Pediatrics Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $9.52M
    CAP Approach CAP
    $10.20M
    Comparable Approach Comparable
    $14.59M
    Blend (final) Blend
    $15.53M
    Owner & transaction history
    Altera Briargate LLC · 4 yrs held
    Altera Briargate LLC
    since 2021
    Last sale
    $16.1M
    5 recorded transactions
    2021
    $16.1M
    2007
    $13.9M
    2007
    2000
    $2.4M
    1969
    Zoning & alternative use
    PBC/CR · Colorado Springs, CO
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Apartment house (5+ units) $25.5M +69.7%
    Commercial (general) $24.1M +59.9%
    Neighborhood: shopping center $16.7M +10.8%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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