Woodlands Healthcare Plaza – SOLD!

Health Connect Properties (HCP), a Denver-based medical real estate firm, closed on the sale of Woodlands Healthcare Plaza on Tuesday, Nov. 20. The medical/office building is located at 4348 Woodlands Blvd. in Castle Rock. HCP represented the seller, First Equity Investments, LLC. The buyer, Triplecross, LLC, is a local private investor. The property sold for $6.0M and was 100% leased at the time of sale.

In addition to serving as the seller’s broker, HCP has acted in a full-service capacity as the leasing and property management team since 2015. HCP will continue to manage the property under the new ownership.

The 21,000 square foot building was constructed in 2008 and reached full capacity in 2015. Long-term and highly credited tenants comprise the multi-tenant medical/office building, including Aircraft Performance Group and DaVita. The building is positioned to provide tenants with excellent visibility and panoramic views of the Rocky Mountains – all in the burgeoning Castle Rock community.

Located immediately off I-25 with over 25,000 daily passing cars on Founders Parkway, the property sits in one of the fastest growing areas of Colorado – and the nation – with an expected annual growth rate of six percent per year. Surrounding retail includes a Walmart Supercenter, Target, and the Outlets at Castle Rock at less than two miles away.