Bldg 4 8601 Turnpike Dr 25,212 SF 100% Leased Office Building Westminster, CO 80031 $4,400,000 ($174.52/SF) 7.56% Cap Rate

Unique Properties and Newmark (“Agents”) are pleased to announce they have been retained to sell 8601 Turnpike Dr, a 23,376 SF, multi-tenant office property located in Westminster, Colorado. The property is located in the flourishing high-tech U.S. Highway 36 corridor adjacent to the Westminster Downtown redevelopment project and just minutes from Boulder and Downtown Denver.
Construction of the building was completed in 2001 on a 1.73-acre site that has 97 parking spaces and a parking ratio of 4.03 per 1,000. With on-site ownership and management, the building has been upgraded and well maintained. The strong tenant base is comprised of 64% medical tenants with the balance of the building leased to insurance, educational and financial service users.
8601 Turnpike Dr is a great office investment featuring a diverse mix of tenants, staggered lease expirations and Base Year expense reimbursements to hedge against expense increases. The property has a history of consistent 95%+ occupancy and is well located in Denver’s Northwest Office Submarket to serve the area’s small business office space requirements. This investment offering presents investors with an opportunity to acquire a stabilized, in demand office asset in the fast-growing Northwest metro office market.