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372 Inverness Dr S - Reunion Post Acute Hospital Inverness

49,106 SF Health Care Building Offered For Sale in Englewood, CO 80112

Investment Highlights

  • New construction, state-of-the-art Class A Inpatient Rehabilitation Facility (IRF) located in the affluent southeast Denver submarket
  • Absolute net lease structure with corporate guaranty
  • 215,000 residents within a 5-mile radius with an average household income of $146K
  • Fee simple, offered free and clear of debt, or with assumption of existing I/O loan
  • 22 years of remaining lease term with 2.0% YOY escalations throughout
  • 40 beds, with ability add an additional 18 beds

Executive Summary

Quiver Investments (“Quiver”) and Cushman & Wakefield (“C&W”), as exclusive advisors, are pleased to offer for sale the fee simple interest in Reunion Inverness Rehabilitation Hospital (“Reunion Inverness” or the “Property”), a brand-new, state of the art inpatient rehabilitation hospital where cutting edge technology meets compassionate care. With its grand opening in March 2022, this operational and fully leased asset is now available for acquisition.
Conveniently located in the affluent Inverness / Denver Tech Center area of southeast Denver, the facility provides care for patients with debilitating illnesses and injuries from stroke, major multiple trauma and other complex neurological and orthopedic conditions. The 40-bed, three (3) story, custom-built inpatient rehabilitation facility (“IRF”) provides these patients with private rooms, two high tech therapy gyms, outdoor courtyard and therapy areas, large open corridors, on-site café, and spacious family meeting areas.
Reunion Rehabilitation Hospitals (“Reunion”) utilizes their state-of-the art facilities and teams of medical professionals to offer inpatient rehabilitation services in Colorado, Arizona, Texas and Florida. As leaders in inpatient rehabilitation, Reunion is committed to providing individualized and compassionate care to patients recovering from debilitating illnesses and injuries, such as stroke, brain injury, and other complex neurological and orthopedic conditions. Reunion hospitals are operated by Nobis Rehabilitation Partners (“Nobis”), a third-party operator based in Allen, Texas. Nobis manages a total of 22 inpatient rehabilitation hospitals across the United States for multiple owners.
The investment boasts an Absolute Net lease structure providing an investor a Year 1 Net Operating Income (“NOI”) of $2,704,751 (for the 12 months beginning 3/1/2025) with 22 years of remaining lease term plus an additional (2) 5-year options to extend at continued 2.0% YOY increases.

Property Facts

Sale Type Investment
Sale Conditions 1031 Exchange
Property Type Health Care
Property Subtype
Rehabilitation Centre
  • Healthcare Hospital
  • Healthcare Skilled Nursing Facility
Building Class B
Lot Size 3.00 AC
Building Size 49,106 SF
No. Beds 40
No. Stories 3
Year Built 2022
Parking Ratio 2/1,000 SF

Amenities

  • Smoke Detector

Room Mix Information

Description No. Beds
Patient Rooms 40

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2231-022-05-029
Land Assessment
$2,873,995 CAD
Improvements Assessment
$16,157,811 CAD
Total Assessment
$19,031,807 CAD

zoning

Zoning Code PD (pending)
PD (pending)
  • Listing ID: 29832960

  • Date on Market: 2023-10-19

  • Last Updated:

  • Address: 372 Inverness Dr S, Englewood, CO 80112

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