Real Capital Solutions (RCS) recently acquired the Medtronic Lafayette Campus from Ryan Companies for $188 million. The acquisition consists of two five-story life science office buildings located at the intersection of HWY 287 and Northwest Parkway. Spanning 42 acres, this 404,159 square-foot property was completed earlier this year and is Medtronic’s second largest U.S. campus, which will eventually house about 1,200 employees with a 20-year triple net lease guaranteed by Medtronic – the number one medical device company in the world.
Marcel Arsenault of RCS expressed enthusiasm for their purchase: “This was a rare opportunity to acquire one of only purpose-built life science assets in Boulder County that meets our high standards for creditworthiness and single tenant net lease deals – making it an extremely safe investment with stable cash flow over coming years.”
