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88 Inverness Circle East, Englewood, CO, 80112 - Available for Sale

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Office Court on Inverness

88 Inverness Circle East, Englewood, CO 80112

Office Court on Inverness
  • $14,000,000
  • 80,911 SF
  • $173.03
  • Office
  • Office-Business Park
  • Investment
  • A
  • Multiple
  • Find Out More...
Last Verified  4/24/2012 Listing ID  15815454

Highlights

  • LEASED CONDOMINIUM PROJECT FOR SALE -- LOW RISK!
  • SMALL HIGH QUALITY SELF SUFFICIENT UNITS
  • VALIDATED SALES: $289 PSF HIGH/$244 PSF AVERAGE
  • MOTIVATED CAPTIVE MARKET
  • RENTAL INCOME SUPPORTS INTEREST CARRY DURING ABSORPTION
  • ON SITE MANAGEMENT

Description

LOW RISK CLASS A GOLF COURSE OFFICE CONDOMINIUM PROJECT FOR SALE. Office Court on Inverness is a recently constructed 14 Building project that is 90% Leased on short terms allowing sale of individual units of 700-7,000 square feet at market absorption rates while the project carries itself over the next 3 years. Validated Sales as High as $289 psf and averaging $244 psf. Captive market of existing tenants willing to buy. Aggressive Buyer Financing Program Available. On Site Management Can Remain in Place. Unique Opportunity to Acquire High Quality Product, Stellar Location, Income Supported Project with Validated Pro Forma Resulting in 10% Cash on Cash Yield.

Office Court on Inverness is easily accessed just 2 right turns from I-25 off of Dry Creek Road near light rail, Park Meadows Mall and many amenities and services. Inverness Business Park is a world-class, high-amenity park situated on 980 acres in southeast Denver. Designed around an 18-hole championship golf course, the Park features the 130,000 square foot Colorado Athletic Club and the 300-room luxury Inverness Hotel and Conference Center.

Map of 88 Inverness Circle East, Englewood, CO 80112 (Arapahoe County)

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Presented by

Office Court Companies, Inc.

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Kenneth Joseph (505) 424-4600

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Created 7/23/2008

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Kenneth Joseph

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Additional Information for 88 Inverness Circle E, Englewood, CO 80112

Asking Price Index Trends for Englewood, CO Office For Sale

  Mar 12 vs. 3 mo.
prior		 Y-O-Y
-
State		$122-2.0%-3.2%
-
Metro		$128-2.4%+0.7%
-
County		$113-3.5%-1.3%

View Englewood Market Trends for other property types for sale or lease. Learn more about the chart info.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. TB-P