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Park Forum 2 Office Properties Offered at $2,475,000 in Lakewood, CO
Investment Highlights
- In-place cash flow ideal for an investor or owner-user
- Credit anchor-tenant with embedded rent escalations
- Located in the established Lakewood submarket
- Additional 3.03 AC of land available
- Contiguous infill land allows for expansion or redevelopment opportunity
Executive Summary
Park Forum consists of two southwest suburban office buildings plus an additional 3.03 acres that can be sold together or separately. The office buildings are currently 89% leased offering immediate cash flow and the anchor-tenant has expressed interest in downsizing allowing for an "owner-user with income" opportunity as well.
Property Facts
| Price | $2,475,000 | Number of Properties | 2 |
| Price / SF | $107.30 / SF | Individually For Sale | 0 |
| Cap Rate | 8.93% | Total Building Size | 23,067 SF |
| Sale Type | Investment or Owner User | Total Land Area | 4.06 AC |
| Status | Active |
| Price | $2,475,000 |
| Price / SF | $107.30 / SF |
| Cap Rate | 8.93% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 23,067 SF |
| Total Land Area | 4.06 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bldg II
3232 S Vance St, Lakewood, CO 80227 |
Office | 11,753 SF | 1985 | - |
|
Bldg I
3222 S Vance St, Lakewood, CO 80227 |
Office | 11,314 SF | 1985 | - |
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