The Greens at Inverness
24,868 SF | 56% Leased | Office Building | Englewood, CO 80112 | $2,995,000 ($120/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,995,000
- Property Type
-
Office
- Square Feet
- 24,868 SF
- Price / Square Foot
- $120
Listing Contacts
Ben Swanson
Verified Profile
John Witt
Verified Profile
- Property Info
Property 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.
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.
Property Details
- Class
- B
- Year Built/Renovated
- 1981/2012
- Stories
- 2
- Property Subtype
- Medical, R&D, Showroom
- Lot Size (sq. ft)
- 78,408 SF
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
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].