Property Size

30,021 SFOccupancy

93.70%Asking Price

$4,845,000Cap Rate

7.24%

Brent HamBrokerage Services303.513.8189brent.ham@navpointre.com

Matt CallPrincipal303.956.5781matt.call@navpointre.com

1 5 5 P r i n t e r s P k w y | C o l o r a d o S p r i n g s , C O

E x e c u t i v e S u m m a r y

NavPoint Real Estate Group is pleased to offer the opportunity to acquire 155 Printers Parkway, a two-story, multi-tenant, medical office building consisting of 30,021 rentable square feet. Located in Colorado Springs, the property features upgraded lobby finishes, ample parking and a diverse tenant mix. The property boasts qual-

ity finishes and is designed with a flexible floor plate that can accommodate a variety of tenants. The exterior features mature landscaping, mountain views and ample parking on a 4.410 acre site.

Strategically located in the Printers Park Medical Campus in Central Colorado Springs, the building is a mere 13 blocks away from the central business district of Downtown Colorado Springs and walking

distance from the beautiful Memorial Park and Prospect Lake.

Less than one mile away from the property, UC Health Memorial Hospital Central currently oper-ates 537 staffed beds with over $4 billion in gross patient revenue which is second only in staffed

beds to largest hospital in Colorado, UC Health University of CO Hospital.

Property Size

30,021 SFOccupancy

93.70%Asking Price

$4,845,000Cap Rate

7.24% NOI

$350,985

2 - 1 5 5 p r i n t e r s p k w y

Woodmen RdWoodmen Rd

Academy Blvd

Academy BlvdGarden of the GodsGarden of the Gods

Powers B

lvdPow

ers Blvd

Academ

y Blvd

Academ

y Blvd

Peak VistaPeak VistaCommunityCommunityHealth CtrHealth Ctr

+PenrosePenroseHospitalHospital+

+

MemorialMemorialHospitalHospitalCentralCentral

+ Cedars Cedars SpringSpringHospitalHospital

✹✹ PROPERTY

Lake AveLake Ave

UC HealthUC HealthGrandviewGrandviewHospitalHospital

+

+ EncompassEncompassHealth RehabHealth RehabHospitalHospital

+Children’sChildren’sHospitalHospital

+UC Health Printer’s Park UC Health Printer’s Park Medical PlazaMedical Plaza

Property Type

Medical OfficeParking

5.09/1,000 SFYear Built

1999Site Size

4.410 Acres

Downtown Downtown Colorado Colorado SpringsSprings

N av p o i n t R e a l E s tat e G r o u P - 3

L o c at i o n H i g h l i g h t s

2nd Largest Cityin Colorado

93% HS Grador Higher

Talent Rich Employment Base

Vibrant MetroCity Center

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#1Most Desirable Places to Live

US News (2018 & 2019)

#1Fastest Growing City

for MillennialsBrooking’s (2018)

#2Best Place to

LiveUS News (2018)

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Printer Park Medical BuildingMulti-tenant professional medical-office building offering large and small suites to accommodate a variety of tenants. The functional floorplan features a combination of small and large suites with upgraded tenant finishes.

Recent CapEx UpgradesNew seal and paint of the exterior facade of the building. Resurfaced and restriped parking lot offering 12 cov-ered parking spaces and a parking ratio above 5 per 1,000 SF. Landscaping and outdoor seating added to give tenants a vibrant and colorful entry and areas to spend time outside during the summer months. Remodeled common area restrooms and wall art added throughout the common corridors and Lobby.

Premier Multi-Tenant Medical Office BuildingCentrally located and strategically positioned medical property with a strong tenant mix.

Healthcare Real EstateHealthcare properties are desirable assets due to their resistance to downturns in the economy. Colorado

was recently ranked as having the seventh best healthcare system in the country.

Stable Rental Stream155 Printers Parkway offers a tenant mix that is paying rents that are in line or below market.

Strong Local EconomyFor the third year in a row, Colorado’s economy ranked first among U.S. states according to the

U.S. News and World Report’s annual ranking. Colorado Springs was recently ranked as the 29th fastest growing large city.

Highly Amenitized Area155 Printers Parkway provides close proximity to an abundance of amenities. Addi-

tional retailers, restaurants, hotels, parks and entertainment venues are located just minutes away.

Secure Long-Term Cash FlowThe property is currently 93.70% occupied, offering investors the opportuni-

ty to acquire an ideally located medical-office asset with secure, increasing cash flow. The property’s diversified rent roll includes tenants in a variety

of industries such as medical, physical therapy, primary care, behavioral health and chiropractic.

Strategic LocationStrategically located in the heart of Printers Park medical Campus

in Colorado Springs, the building is less than one mile from Me-morial Hospital and next to UC Health’s Printers Park Medical

Plaza. There are several hospitals and other medical facilities within a three mile radius of this property.

I n v e s t m e n t H i g h l i g h t s

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155 Printers Parkway is a medical office building with flexible floor plates that can accommo-date a range of tenant sizes and uses. The property is strategically located less than one mile from Memorial Hospital and next to UC Health’s Printers Park Medical Plaza. There are several hospitals and other medical facilities within a three mile radius of the property.

New seal and paint of the exterior facade of the building. Resurfaced and restriped parking lot of-fering 12 covered spaces and a parking ratio above 5 per 1,000 SF. Landscaping and outdoor seating added to give tenants a vibrant and colorful entry and areas to spend time outside during the summer months. Remodeled common area restrooms and wall art added throughout the common corridors and lobby.

Updated Exterior Facade

Improved Landscaping

Remodeled Restrooms

ImprovedCommon Areas

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C o l o r a d o S p r i n g s , C o l o r a d o

Colorado Springs is Olympic City USA, where a timeless culture of achievement, national pride and dedication sits comfortably alongside the awe-inspiring beauty of some of America’s most

beautiful mountains. Colorado’s second largest city boasts a thriving community, rich in busi-ness experience, with a historic background of achievement. With short commute times, af-

fordable housing, great schools and friendly neighbors, it’s no wonder Colorado Springs consistently ranks as one of the best places to live.

Companies of all kinds have discovered the distinctive benefits that come with growing a business in the state’s second-largest city. Companies in Colorado Springs know

how to set their sights on the future and get the job done — and there’s no better place to do it than against a Pikes Peak backdrop. Colorado Springs is booming,

with some of the nation’s leading companies and organizations in next-gener-ation industries. The region boasts a cybersecurity industry that is one of the

top five for jobs in the nation, an unmatched aerospace and defense cluster that is a hub for national military technology and strategy, a sports industry

fueled by 57 national and international sports organizations, and ground-breaking innovation in life sciences and medical devices. With short

commute times, affordable housing, great schools and friendly neigh-bors, it’s no wonder Colorado Springs consistently ranks as one of

the best places to live. As the state’s second-largest community, Colorado Springs boasts a vibrant dining and arts scene, along

with outdoor recreation for every season, and mountain views to match.

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#1Most Desirable Places to Live

US News (2018 & 2019)

#1Fastest Growing City

for MillennialsBrooking’s (2018)

#2Best Place to

LiveUS News (2018)

#4BusinessFriendly

Thumbtack (2018)

N av p o i n t R e a l E s tat e G r o u P - 9

1 MILE 3 MILES 5 MILESPopulation2024 Projection 14,050 140,916 314,2462019 Estimate 13,134 131,017 290,622Growth 2019-2024 6.97% 7.56% 8.13%Growth 2010-2019 6.70% 10.72% 14.97%Average Household Size 2.10 2.30 2.30Median Age 39.20 36.40 36.20Household Income2019 Average $47,358 $53,850 $62,684HousingMedian Home Value $148,600 $175,667 $197,878Owner Occupied 38.68% 43.50% 47.04%Median Year Built 1964 1969 1976EmploymentCivilian Employed 52.47% 60.00% 57.92%Armed Forces 4.02% 3.03% 5.66%Unemployed 2.85% 2.84% 2.47%

D e m o g r a p h i c s

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The sunny weather and energized lifestyle are but two attri-butes that attract businesses to the Colorado Springs region. Access to advanced research operations, highly-skilled workers and a business climate that matches the area’s reputation for five-star hospitality, provide companies with resources that lay the foun-dation for accelerated growth.

Global pioneers in aerospace, cyber-security, IT and medical innovation are just some of the types of companies that call the Colorado Springs region home, as well as more than 30 Fortune 500 firms and five military installations. Discover the major employers that are driving Colorado Springs’ economy and providing leadership and ingenuity for our business community.

Top Private Employers1. The Broadmoor Hotel (Hospitality)2. California Casualty Group (Back Office / Customer Service)3. Caption Call (Back Office / Customer Service)4. Cherwell Software (Information Technology)5. Cheyenne Mountain Resort (Hospitality)6. Children’s Hospital of Colorado (Healthcare)7. Cobham Semiconductor Solutions (Manufacturing)8. Colorado College (Higher Education)9. Compassion International (Nonprofit)10. EviCore (Back Office / Customer Service)11. Firstsource Solutions (Back Office / Customer Service)

Top Public Employers1. The Charter Spectrum (Back Office / Customer Service)2. City of Colorado Springs (City Government)3. Colorado Springs Utilities (City Services)4. Goodwill of Colorado (Nonprofit)5. El Paso County (County Government)6. Fort Carson (Military Installation)7. Lockheed Martin (Aerospace / Aviation)8. Microchip Technology (Information Technology)9. Peterson Air Force Base (Military Installation)10. Pikes Peak Community College (Higher Education)11. Progressive Insurance Company (Insurance)12. School District #2 (Public Education)

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Brent HamBrokerage Services303.513.8189brent.ham@navpointre.com

Matt CallPrincipal303.956.5781matt.call@navpointre.com

1 5 5 P r i n t e r s P k w y | C o l o r a d o S p r i n g s , C O