Westpark Office Center Building 2

8471 Turnpike Dr Westminster, CO 80031

8471 Turnpike Dr, Westminster, CO, 80031
8471 Turnpike Dr, Westminster, CO, 80031 8471 Turnpike Dr, Westminster, CO, 80031 8471 Turnpike Dr, Westminster, CO, 80031 8471 Turnpike Dr, Westminster, CO, 80031 8471 Turnpike Dr, Westminster, CO, 80031 8471 Turnpike Dr, Westminster, CO, 80031 8471 Turnpike Dr, Westminster, CO, 80031 8471 Turnpike Dr, Westminster, CO, 80031 8471 Turnpike Dr, Westminster, CO, 80031
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$2,500,000
Last Verified:
Jun 10, 2024

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Description

Unique Properties and Newmark (“Agents”) are pleased to announce they have been retained to sell Westpark Office Center Building 2, a 16,701 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 1986 on a .87 acre site that has 69 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, diversified tenant base is comprised of professional office tenants in the healthcare (medical & dental), financial services, insurance, legal and general office users.

Westpark Office Center Building 2 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.

The adjacent Westpark Office Center Buildings 1, 3 & 4 are also available for sale making this a great 4 building office campus investment on an almost 6 acre parcel fronting US-36 (Denver-Boulder Turnpike).

Westpark Office Center Building 2


Year Built: 1986
Building Size: 16701sq ft
Building Class: B
Lot Size: 0.87 acres


Documents

8471Turnpike Drive - Building 2_6.10.pdf

Map of 8471 Turnpike Dr, Westminster, CO, 80031

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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