8601 Turnpike Dr - Medical FOR SALE


Westminster, CO 80031
$4,400,000 USD
720-530-9070
8601 Turnpike Dr, Westminster, CO for Sale
$4,400,000 USD
Medical - FOR SALE
1/10
null | 7.22% Cap Rate

8601 Turnpike Dr
Westminster, CO 80031


OVERVIEW

Unique Properties and Newmark (“Agents”) are pleased to announce they have been retained to sell 8601 Turnpike Dr, a 23,376 SF, multi-tenant office property located in Westminster, Colorado. The property is located in the flourishing high-tech U.S. Highway 36 corridor adjacent to the Westminster Downtown redevelopment project and just minutes from Boulder and Downtown Denver. Construction of the building was completed in 2001 on a 1.73-acre site that has 97 parking spaces and a parking ratio of 4.03 per 1,000. With on-site ownership and management, the building has been upgraded and well maintained. The strong tenant base is comprised of 64% medical tenants with the balance of the building leased to insurance, educational and financial service users. 8601 Turnpike Dr is a great office investment featuring a diverse mix of tenants, staggered lease expirations and Base Year expense reimbursements to hedge against expense increases. The property has a history of consistent 95%+ occupancy and is well located in Denver’s Northwest Office Submarket to serve the area’s small business office space requirements. This investment offering presents investors with an opportunity to acquire a stabilized, in demand office asset in the fast-growing Northwest metro office market.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$175 USD /SF

CAP RATE

7.22%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg 4

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

97

LAND DETAILS

LAND ACRES

3.5 AC

LAND SF

152,460 SF

ZONING

PUD

APN/PARCEL ID

1719-30-2-23-006

ASK ABOUT THIS PROPERTY

Brian McKernanUnique Properties, Inc.More Info
720-530-9070

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

Brian McKernanUnique Properties, Inc.More Info
720-530-9070

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