58 Inverness Dr E - Office FOR SALE


Englewood, CO 80112
$2,995,000 USD
970-218-5219
58 Inverness Dr E, Englewood, CO for Sale
$2,995,000 USD
Office - FOR SALE
1/5
null | Request Cap Rate

58 Inverness Dr E
Englewood, CO 80112


HIGHLIGHTS

  • Rare pricing of $120/RSF for a building with existing long-term leases for 55% of the building with 5.82 years of WALT
  • Earliest existing lease expiration not until 2029
  • Premier location with direct views of the 15th hole of The Club at Inverness golf course
  • Existing occupancy conducive to an owner-user occupying the majority of the 1st floor with a custom buildout

OVERVIEW

Quiver Investments, LLC, as exclusive advisor, is pleased to offer the opportunity to acquire the fee simple interest in 58 Inverness Dr. East (the “Property”), a 2-story Class B multi-tenant office property consisting of 24,868 RSF and located within the prestigious Inverness Park. This presents a unique opportunity for an owner-user to acquire a building along the 15th hole of The Club at Inverness, a semi-private golf course and resort. Multiple existing long – term leases are in place totaling 13,804 RSF of occupancy with the earliest expiration being in Q1 – 2029 resulting in a weighted average lease term (WALT) of 5.82 years with the rare ability to customize the 1st floor vacancy of 8,637 RSF for their own occupancy. Inverness Park itself encompasses unincorporated areas of Arapahoe and Douglas counties on the east side of Interstate 25 between Dry Creek and County Line Road and includes approximately 980 acres of highly amenitized business and residential developments in the heart of the Denver Tech Center. At the center of Inverness Park is The Club at Inverness, a resort and golf course which has a long list of awards and accolades. In addition, Inverness Park is adjacent to Centennial Airport, the business general aviation airport in the nation. In 2023, Centennial Airport accommodated 362,407 aircraft operations, generating approximately $2.1 billion in direct and indirect economic impact to the local and regional economy.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$120 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Greens at Inverness

PROPERTY TYPE

Office

ADD'L SUBTYPES

R&D, Showroom

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

96

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

I-1

APN/PARCEL ID

2075-35-2-12-002

ASK ABOUT THIS PROPERTY

Ben SwansonQuiver Investments, LLCMore Info
970-218-5219

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Ben SwansonQuiver Investments, LLCMore Info
970-218-5219

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.