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820 Clermont St
Denver, CO 80220
Office Property For Sale
Investment Highlights
- ±14,560/SF (+/-13,046/SF RBA) 0.25 Acres
- New roof (2023) with increased R-value insulation and improved drainage. Recently installe single-stage jack hydraulic elevator system
- Newly completed spec suites available for immediate occupancy
- Value-add opportunity for investors or owner-users, below-market rents, and multiple paths to enhance income or reconfigure the building.
- Maintenance and sealing of the elevated parking deck with Elastrome surface material, brand-new hot water heaters, recent chiller and boiler upgrades
- One block south of Rose Medical Campus
Executive Summary
The Kramer Group of Marcus & Millichap is pleased to present the exclusive offering of 820 Clermont Street in Denver, Colorado. This 14,560 SF (+/- 13,046 SF RBA) medical office building is strategically positioned in Denver’s highly sought-after Hale neighborhood, just one block south of the Rose Medical Campus and surrounded by major redevelopments. As a result, the property delivers exceptional visibility, walkability, and strong long-term demand drivers.
This asset represents a compelling value-add opportunity for investors or owner-users, supported by flexible G-MX-3 zoning, below-market rents, and multiple paths to enhance income or reconfigure the building. Recent capital improvements further reduce near-term capital exposure and enhance operational stability, including a new roof with increased R-value insulation and improved drainage, a recently installed single-stage jack hydraulic elevator system, maintenance and sealing of the elevated parking deck with Elastrome surface material, brand-new hot water heaters, recent chiller and boiler upgrades with smart controls, a new sewer connection to the City main, and newly completed spec suites available for immediate occupancy.
With strong fundamentals, a prime infill location, and future redevelopment potential, 820 Clermont offers a rare combination of stability, flexibility, and upside within one of Denver’s premier medical corridors.
This asset represents a compelling value-add opportunity for investors or owner-users, supported by flexible G-MX-3 zoning, below-market rents, and multiple paths to enhance income or reconfigure the building. Recent capital improvements further reduce near-term capital exposure and enhance operational stability, including a new roof with increased R-value insulation and improved drainage, a recently installed single-stage jack hydraulic elevator system, maintenance and sealing of the elevated parking deck with Elastrome surface material, brand-new hot water heaters, recent chiller and boiler upgrades with smart controls, a new sewer connection to the City main, and newly completed spec suites available for immediate occupancy.
With strong fundamentals, a prime infill location, and future redevelopment potential, 820 Clermont offers a rare combination of stability, flexibility, and upside within one of Denver’s premier medical corridors.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Property Subtype
Medical
Building Size
12,649 SF
Building Class
C
Year Built
1971
Price
$3,409,236 CAD
Price Per SF
$269.53 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
3,162 SF
Slab To Slab
12’
Building FAR
1.16
Lot Size
0.25 AC
Zoning
G-MX-3 - G-MX-3 applies to areas or intersections served by local or collector streets where a builidng scale of 1-3 stories is desired.
Parking
34 Spaces (2.69 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Storage Space
- Natural Light
- Secure Storage
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 6063-05-003 | Improvements Assessment | $120,858 CAD |
| Land Assessment | $120,858 CAD | Total Assessment | $1,188,103 CAD |
Property Taxes
Parcel Number
6063-05-003
Land Assessment
$120,858 CAD
Improvements Assessment
$120,858 CAD
Total Assessment
$1,188,103 CAD
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