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Bldg 5 4300 Kittredge St 62,972 SF 100% Leased Office Building Denver, CO 80239 $19,857,000 ($315.33/SF) 7.25% Cap Rate
Investment Highlights
- Anchored by Concorde Career Colleges (12-Yr Term), guaranteed by Universal Technical Institute (NYSE: UTI), approx. $835 million in annual revenue
- Consistent enrollment growth across Concorde's programs, with nursing and allied health disciplines experiencing sustained demand and waitlists
- Enhanced through approximately $8.0 million of recent tenant-funded improvements, delivering modernized interiors and exterior upgrades
- Highly specialized healthcare training campus featuring clinical labs, simulation environments, and classrooms that are difficult to replicate
- A favorable lease structure with strong expense recoveries results in a highly efficient income stream minimizing landlord expense exposure
- Offering 11+ years of remaining lease term, with fixed annual rent escalations that provide predictable cash flow
Executive Summary
Extensively renovated as of June 2026, Gateway V is a ±62,972-square-foot institutional-quality asset situated on a ±6.06-acre site. The property is fully leased to Concorde Career Colleges and FedEx Logistics, with Concorde occupying approximately 96% of the building. Demonstrating its long-term commitment to the campus, Concorde recently completed a more than $10.7 million capital investment, including comprehensive interior and exterior upgrades, modernization of building systems, and in addition to these capital improvements, the installation of state-of-the-art, industry-specific trade fixtures and equipment designed to support hands-on healthcare training. Concorde funded $8.0 million of the improvement program, with the landlord contributing the remaining balance.
Property Facts
Amenities
- Signage
- Reception
- Monument Signage
- Outdoor Seating
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Educational Services
- -
- -
- Triple Net
- Dec 2037
Concorde Career College is a postsecondary education provider focused on career-oriented training in healthcare disciplines. The institution was founded in 1968 and operates as part of a national network of proprietary career colleges within the United States. The Overland Park, Kansas campus functions as one of the organization’s administrative and instructional locations and serves students pursuing healthcare-related education.The college delivers diploma and degree programs across nursing, dental, allied health, diagnostic, and patient care fields. Instruction is delivered through a combination of classroom learning, laboratory instruction, and clinical experiences designed to support entry-level employment preparation in healthcare occupations. Concorde Career College is accredited by recognized national accrediting bodies, including the Accrediting Commission of Career Schools and Colleges.
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- Transportation and Warehousing
- -
- -
- Triple Net
- Mar 2028
FedEx began in 1971 as Federal Express Corporation, built around an overnight delivery concept that used air transport to move time-sensitive shipments. The company has since grown into a transportation and logistics business with services spanning express delivery, small-package ground shipping, freight transportation, customs brokerage, ocean and air freight forwarding, and document and print services. FedEx serves customers through a broad portfolio that supports shipping, e-commerce, and business operations across a wide network.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Educational Services | - | - | Triple Net | Dec 2037 | |
|
|
Transportation and Warehousing | - | - | Triple Net | Mar 2028 |
Property Taxes
| Parcel Number | 0204-01-003 | Improvements Assessment | $962,710 |
| Land Assessment | $962,710 | Total Assessment | $2,269,620 |
Property Taxes
