NavPoint Real Estate Group sells Portfolio of 4 Medical Office Buildings in Colorado Springs totaling nearly 68,000 SF for $9,365,000
FOR IMMEDIATE RELEASE / PRURGENT
Colorado Springs, CO - NavPoint Real Estate Group is pleased to announce the sale of the 67,811 SF Medical/Professional Office Campus located at 5426-5540 N Academy Blvd in Colorado Springs and also known as Academy Professional Campus. The seller was DCP Academy, LLC. The purchaser was Baird Colorado Springs, LLC a California based investor who was in a 1031 exchange. John Witt and Matt Call of NavPoint Real Estate Group represented the seller and Steve and Nick Ghirardo of Ghirardo Real Estate Group represented the buyer. This transaction successfully closed June 2018. The Academy Professional Campus consists of four recently renovated two-story Medical/Professional Office buildings that were 100% occupied at the time of sale. The property is conveniently located near the intersection of Union and Academy Blvd with very easy access to I-25. The asset received a lot of interest with multiple offers from buyers in the market due to the strong rent roll of medical and professional tenants and recent capital improvements to the building.
NavPoint Real Estate Group is a comprehensive Commercial Real Estate Services Firm that handles a wide variety of investment assignments. The company provides services including Exclusive Brokerage Representation, Property/Asset Management, and Consulting, throughout Colorado and the Western US covering all Commercial Property types. NavPoint brings an experienced team to every assignment that has a broad understanding of the national Commercial Real Estate market while also bringing acute local knowledge to each assignment. The firm is currently involved in the exclusive brokerage or management of over 2,000,000 SF of commercial real estate.
NavPoint Real Estate Group is based in Castle Rock, Colorado. The firm handles commercial real estate sales, leasing and investment in all property types with market coverage through Colorado. To contact NavPoint Real Estate Group, please call the main office at 720.420.7530 or email at infonavpointre.com The Company’s website can be found at www.navpointre.com