CBRE Brokers $22.4 Million Sale of School Road Medical Center in Frisco, CO
10 Dec 2021
CBRE announced the $22.4 million sale of the School Road Medical Center in Frisco, Colo. Chris Bodnar, Lee Asher, Ryan Lindsley, Jordan Selbiger, Sabrina Solomiany and Zack Holderman with CBRE U.S. Healthcare and Life Sciences Capital Markets represented the seller, Development Solutions Group.
School Road Medical Center is a two-story, 30,000-sq.-ft. medical office building anchored by Panorama Orthopedics & Spine Center, and Centura Health. The facility provides full orthopedic care for sports and trauma injuries, joint replacement and stem cell therapy, physical therapy, and an imaging suite with x-ray and MRI capabilities. The outpatient center is less than two miles from St. Anthony Summit Medical Center.
“Healthcare real estate continues to be highly desirable in Colorado. Exceptionally well built and located medical properties like this building rarely come to market in the mountain corridor. This was a unique opportunity to own a medical office building with health system occupancy in Summit County,” said Mr. Bodnar, vice chairman, CBRE.
The property is located at 68 School Road in Summit County, which, in addition to Frisco, includes the mountain communities of Breckenridge, Silverthorne and Keystone, among others. School Road Medical Center is approximately one hour west of metro Denver along Interstate 70.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.