Sheridan Professional Building
5005 W 81 St Pl
Westminster, CO 80031
Highlights
- • AT&T Cell Tower Valued at $1MM+
- • Consistently 90%+ Leased
- • Coveted Executive Office Suites
- • Ideal Leases and Rollover Schedule
- • Annual Rent Increases
- • Excellently Maintained Buildings with Low Surrounding Competition
Description
This 4 story, updated suburban office with coveted cell tower income, boasts a 94% occupancy rate, which allows the new owner to seamlessly step in and generate immediate cashflow. Notably, AT&T has a long-term lease at the property, extending until 2039, with current rent set at $3,474 per month, increasing by 3% annually. There are very little capital expenditures needed or expected in the foreseeable future due to the impeccable maintenance of the building since the current ownership took over in 2017. As part of Denver’s exploding Northwest Corridor, this asset is poised to make a stable and productive addition to an Investor’s portfolio.
Located just south of the newly redeveloped Westminster Mall, the building offers convenient access to a variety of restaurants and shopping areas within walking distance. It is also easily accessible from both the Denver and Boulder metropolitan areas, positioned between Sheridan Boulevard and Highway 36.
