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6610 Gunpark Dr. 6610 Gunpark Dr 6,595 SF 100% Leased Office Building Boulder, CO 80301 $1,500,000 ($227.45/SF) 6.68% Cap Rate



Investment Highlights
- Fully leased office investment with diversified tenant occupancy
- Immediate access to CO-119 connecting Boulder and Longmont
- Multi-suite layout supports diversified income streams
- Located in Boulder's established Gunbarrel business district
- Individually metered electric and gas service in each suite
- Configuration may support future office condominium conversion
Executive Summary
6610 Gunpark Drive presents an opportunity to acquire a fully leased office asset in Boulder’s established Gunbarrel business district. Positioned between Boulder and Longmont, the property benefits from access to a diverse employment base that includes technology, professional services, and natural foods companies. Immediate connectivity to the Diagonal Highway (CO-119) provides direct access to Boulder, Longmont, US-36, and the greater Denver metropolitan area, supporting tenant accessibility and long-term occupancy appeal.
The building contains multiple small-suite configurations occupied by a diversified tenant roster, reducing exposure to any single tenancy. The property is currently 100% leased and features individually metered electric and gas service for each suite, allowing tenants to pay utility expenses directly. This operating structure can help simplify expense management and reduce owner utility reimbursement obligations.
A notable component of the investment profile is the property's shorter lease terms, which may provide future opportunities to adjust rents as leases expire. The building's multi-suite design also creates potential flexibility for future office condominium conversion, subject to applicable approvals and market conditions. The layout may appeal to owner-users seeking occupancy alongside investment income or investors evaluating alternative ownership structures.
The asset includes on-site parking and serves a mix of professional, medical, wellness, and service-oriented users commonly found within the Gunbarrel submarket. Combined with its established location, transportation access, and diversified tenancy structure, the property offers an office investment with in-place income and future repositioning potential.
The building contains multiple small-suite configurations occupied by a diversified tenant roster, reducing exposure to any single tenancy. The property is currently 100% leased and features individually metered electric and gas service for each suite, allowing tenants to pay utility expenses directly. This operating structure can help simplify expense management and reduce owner utility reimbursement obligations.
A notable component of the investment profile is the property's shorter lease terms, which may provide future opportunities to adjust rents as leases expire. The building's multi-suite design also creates potential flexibility for future office condominium conversion, subject to applicable approvals and market conditions. The layout may appeal to owner-users seeking occupancy alongside investment income or investors evaluating alternative ownership structures.
The asset includes on-site parking and serves a mix of professional, medical, wellness, and service-oriented users commonly found within the Gunbarrel submarket. Combined with its established location, transportation access, and diversified tenancy structure, the property offers an office investment with in-place income and future repositioning potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
6,595 SF
Building Class
B
Year Built
1999
Price
$1,500,000
Price Per SF
$227.45
Cap Rate
6.68%
NOI
$100,200
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,300 SF
Building FAR
0.34
Lot Size
0.44 AC
Zoning
BR-2 - Regional Business 2 - currently used as offices, services, variety of uses permitted
Parking
22 Spaces (3.33 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Boulder Bliss
- Services
- -
- -
- -
- Gestalt Center For Growth & Training Llc
- Professional, Scientific, and Technical Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Boulder Bliss | Services | - | - | - | ||
| Gestalt Center For Growth & Training Llc | Professional, Scientific, and Technical Services | - | - | - |
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 1463112-11-014 | Improvements Assessment | $168,750 |
| Land Assessment | $131,250 | Total Assessment | $300,000 |
Property Taxes
Parcel Number
1463112-11-014
Land Assessment
$131,250
Improvements Assessment
$168,750
Total Assessment
$300,000
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