For Sale
$2,500,000

11479 Pine DrParker, CO 80134

Multi-tenant office building, high occupancy

Overview

Added:
Dec 11, 2024
Days on market:
123
This three-story, 9,300 square foot Class B office building in Parker, Colorado, presents a compelling investment opportunity. Built in 1984 and renovated in 2003, the property boasts a timeless glass design and impeccable maintenance. Currently 75% occupied across 31 units, the building offers 6,000 square feet of net rentable space, with a gross lease structure. The asking price is $2,500,000, representing a $268.82 per square foot cost and a 6.00% cap rate. Situated on a 0.518-acre lot at 11479 S Pine Dr, 80134, the building is ideally suited for various uses, including medical administration, corporate offices, legal practices, and financial services. Many leases are below market rates, providing significant potential for rental income growth. Amenities include a staffed lobby, conference room, gym, kitchen, and gazebo. The building's strong rental history and fully furnished suites add to its appeal. This is a rare opportunity to acquire a well-maintained, multi-tenant office building in a desirable Colorado location.

Highlights

  • $2,500,000 asking price for this Parker, CO office building.
  • 9,300 total square feet, 6,000 square feet net rentable.
  • Class B, multi-tenant office building with 31 units.
  • 6.00% cap rate with 75% occupancy.
  • Located on a 0.518-acre lot at 11479 S Pine Dr, Parker, CO 80134.
  • Three-story building constructed in 1984, renovated in 2003.

Property Details for 11479 Pine Dr

Property type
Office properties, Medical offices
Square Feet
9,300 SF
Class
B
Year Built/Renovated
1984/2003
Buildings
1
Stories
3
Lot Size (sq. ft)
22,564 SF
Units
31

Location Insight

City
Parker
County
Douglas
State
Colorado
Latitude
39.508061214917
Longitude
-104.75927168605
11479 Pine Dr, Parker, Colorado

FAQs

What type of property is this?
Office property - Multi-tenant office building, high occupancy
Where is the office property located?
The property is located at 11479 Pine Dr Parker, CO.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: $2,500,000 asking price for this Parker, CO office building.; 9,300 total square feet, 6,000 square feet net rentable.; Class B, multi-tenant office building with 31 units.
How can I contact the broker?
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11479 Pine Dr
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