425 Cherry StGlendale, CO 80246

Property Details for 425 Cherry St

Year built

1981

Construction

STEEL FRAME

Lot size

2.22 AC

Property size (Sq ft)

96,744 SF

Property type

Office properties

Property subtype

Office buildings

APN

1973-18-2-02-043

APU

197318202043

Description

The Forum at Cherry Creek offers exceptional office space in a highly desirable location. This ten-story Class B building, totaling 83,018 square feet, underwent renovations in 2019, ensuring modern amenities and functionality. The building boasts multiple tenancy options, with seven available suites ranging from 1,046 to 2,864 square feet, perfect for businesses of various sizes. Built in 1983, the property provides a blend of established character and updated features. Conveniently located near Cherry Creek Mall and the North Cherry Creek shopping district, tenants enjoy easy access to upscale retail, dining, and entertainment. The surrounding area offers numerous amenities, including a King Soopers grocery store, Cherry Creek Athletic Club, a Super Target, and City Set. On-site conveniences include two conference rooms, ample visitor parking, covered parking options, a tenant cafe, and bike storage. Enjoy stunning views from all directions, making this a truly exceptional office environment. The building features elevators for convenient access to all floors. This property is ideal for businesses seeking a prestigious address and a vibrant, amenity-rich location.

• CAP approach

  CAP return

  Valuation

  6%

  $20,759,888

  6.5%

  $19,162,974

  7%

  $17,794,190

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,992,990

  Geo Method

  $7,992,990

• Alternative Use

  Use

  Valuation

  Residential

  $23,762,088

  Hospitality

  $21,765,944

  Educational

  $18,109,010

  Medical

  $18,731,808

  Retail

  $28,169,572

Location Insight

City

Denver

County

Arapahoe

State

Colorado

Latitude

39.709

Longitude

-104.934

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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