Colorado Medical Office Building Commands $18.6M

ENGLEWOOD, CO – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of Hampden Place Medical Center, (top left photo) a 66,339-square foot three-story Class A medical office building in Englewood, just south of central Denver.

The sales price of $18.6 million represents $271 per square foot.

John Smelter, a first vice president and senior director of the firm’s Healthcare Real Estate Group in San Diego, represented the seller. Smelter also represented the buyer, Health Care Trust of America Inc. Adam Christofferson,  (bottom right photo) a first vice president and broker of record for Colorado, also provided representation.

“The property was thoughtfully planned under the direction of Development Solutions Group by the physician owners, in conjunction with the participating hospital system, to facilitate the ongoing profitability and sustainability of the tenant businesses,” says Smelter.

Built in 2004 on 2.81 acres, the property is located at 401 W. Hampden Place in Englewood, a few blocks from the Swedish Medical Center and Porter Adventist Hospital campuses in an area known as the Englewood City Center, a city center transit-oriented, mixed-use redevelopment.

Hampden Place Medical Center houses an ambulatory surgery center, medical imaging, physiotherapy and medical offices for orthopedic, hematology-oncology and other physicians.

Press Contact: Stacey Corso, Communications Department, (925) 953-1716