This Office Property is Off-Market.

11654 - 11698 N. Huron St.
Northglenn, CO 80234 ·

43,979 SF · Office For Sale

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North Point Business Park

Price N/A No. Stories 1
Building Size 43,979 SF Building Class B
Property Type Office Tenancy Multiple
Property Sub-type Office-Business Park Year Built 1985
Property Use Type Investment Lot Size 2.87 SF
Cap Rate 7.68% Parking Ratio 3.70 / 1,000 SF
Listing ID: 18058302 Date Created: 03/04/2013 Last Updated: 09/13/2013

Description

Well-located Class B business park located directly East of the former Lucent/Avaya Campus in Westminster (now known as Park 12hundred). Attractive landscaping, well designed suites, easy access to I-25-excellent for small office users. Value add office investment; 43,979 SF project currently 68% leased. Can be purchased for under replacement cost. Asking price of $67.08-per-SF. Initial cap rate is 7.68%; all-cash IRR-5 years-12.62%; leveraged IRR-5 years-19.97%.

North Point Business Park fronts directly on Huron Street. Primary access from Huron Street is via 116th Place, which forms the northern border of the property and which enjoys a full median cut at Huron Street. The property is zoned C5 General Service, City of Northglenn,

Highlights

  • North Point Business Park was designed to target small office tenants
  • efficient space layout for small tenants
  • tenant control over HVAC
  • pre-built suites means quick move-ins for tenants - no space planning needed
  • expansion is possible into adjacent suites
  • cost-effective utilitarian space for value-oriented tenants with rental rates significantly below other, newer buildings

Research

11654 - 11698 N. Huron St., Northglenn, CO 80234 (Adams County)

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