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1850 Mountain View Ave
Longmont, CO 80501
Office Property For Sale
INVESTMENT HIGHLIGHTS
- UCHealth Credit Tenancy: Corporate Guarantee with 'AA' S&P rating; Over 30 Hospitals, Over1 50 Clinics Statewide
- Stability: 100 Percent Occupied, Procedure-Driven Dermatology Clinic with High Patient Retention
- Institutional Location: Directly Across from CommonSpirit Hospital in Longmont’s Medical District
- Long-Term Commitment: The Tenant has Continuously Occupied the Space Since 2013, Demonstrating a Strong Commitment to the Location
- Passive Income: Triple-Net Lease Structure with Minimal Landlord Responsibilities and Two Percent Annual Rental Increases
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present 1850 Mountain View Avenue, Longmont, CO. The property was constructed in 1960 and is comprised of 3,245 square feet situated on 0.41 acres of land.
This single-tenant medical office is leased to UCHealth Medical Group operating under a triple-net lease structure with two percent annual rental increases. The lease is backed by a corporate guarantee. There are three years and six months remaining on the initial lease term. UCHealth has an S&P Credit Rating of "AA" showing stable outlook. UCHealth has been at this location since 2013 showing commitment to the area.
Specialists at UCHealth Dermatology Clinic provide expert care for a wide range of skin conditions, from acne and eczema to skin cancer and complex dermatologic disorders. Using advanced diagnostic tools and the latest treatment options, their boardcertified dermatologists are committed to delivering personalized care in a compassionate, patient-focused environment. Whether for routine skin checks or specialized procedures, patients receive high-quality care tailored to their unique needs.
Mountain View Avenue is a long east–west arterial that stretches through several residential and commercial zones. The property is situated in the heart of Longmont’s bustling medical district. The subject property is next to CommonSpirit Longmont United Hospital 186 licensed beds and with direct access from the UCHealth Longmont Clinic providing primary care services, this property offers a prime location for medical practices. The area is a hub for healthcare services, providing excellent visibility and
easy access for patients and visitors. There are 17 dedicated parking spaces, and multiple points of ingress/egress making it highly accessible for both patients and staff.
This single-tenant medical office is leased to UCHealth Medical Group operating under a triple-net lease structure with two percent annual rental increases. The lease is backed by a corporate guarantee. There are three years and six months remaining on the initial lease term. UCHealth has an S&P Credit Rating of "AA" showing stable outlook. UCHealth has been at this location since 2013 showing commitment to the area.
Specialists at UCHealth Dermatology Clinic provide expert care for a wide range of skin conditions, from acne and eczema to skin cancer and complex dermatologic disorders. Using advanced diagnostic tools and the latest treatment options, their boardcertified dermatologists are committed to delivering personalized care in a compassionate, patient-focused environment. Whether for routine skin checks or specialized procedures, patients receive high-quality care tailored to their unique needs.
Mountain View Avenue is a long east–west arterial that stretches through several residential and commercial zones. The property is situated in the heart of Longmont’s bustling medical district. The subject property is next to CommonSpirit Longmont United Hospital 186 licensed beds and with direct access from the UCHealth Longmont Clinic providing primary care services, this property offers a prime location for medical practices. The area is a hub for healthcare services, providing excellent visibility and
easy access for patients and visitors. There are 17 dedicated parking spaces, and multiple points of ingress/egress making it highly accessible for both patients and staff.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
3,245 SF
Building Class
B
Year Built
1972
Price
$1,516,823 CAD
Price Per SF
$467.43 CAD
Cap Rate
7.79%
NOI
$118,130 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,245 SF
Building FAR
0.18
Lot Size
0.41 AC
Zoning
MU-N - Mixed-Use Neighborhood Center
Parking
16 Spaces (4.93 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 1205332-20-004 | Improvements Assessment | $123,645 CAD |
| Land Assessment | $157,599 CAD | Total Assessment | $281,244 CAD |
PROPERTY TAXES
Parcel Number
1205332-20-004
Land Assessment
$157,599 CAD
Improvements Assessment
$123,645 CAD
Total Assessment
$281,244 CAD
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