ERIE, COLO. — Evergreen Devo has completed the disposition of UCHealth – Erie Nine Mile Medical Center, a Class A medical office building in Erie, approximately 25 miles north of Denver. An Arizona-based private real estate company acquired the asset for $5.6 million.
Located at 2970 Arapahoe Road, the newly built, single-tenant property features 8,000 square feet of medical office space. UCHealth, a nonprofit healthcare system headquartered in nearby Aurora, fully occupies the asset.
The Erie Nine Mile Medical Center is part of a 47-acre, mixed-use center that Evergreen is developing. Upon full build-out, the full development will feature 287 multifamily units, a King Soopers grocery store and multiple retail pads and shops.
Jason Schmidt and Larry Thiel of JLL Capital Markets’ investment sales advisory team represented the seller in the deal.