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Shift Workspaces 1001 Bannock St

23,087 SF 100% Leased 4-Star Office Building Denver, CO 80204 $12,460,000 ($540/SF) 6.50% Cap Rate

Investment Highlights

  • Single Tenant Net Lease (STNL) sale/leaseback opportunity with well-established shared workspace operator, Shift Workspaces
  • Neighborhood offers a vibrant mix of arts, culture and Colorado history
  • Convenient proximity to major thoroughfares and public transportation route
  • Class A creative office building in the heart of Denver’s Golden Triangle
  • Various walkable amenities including galleries, diverse restaurants, brewpubs and quaint coffee shops

Executive Summary

Henry Group Real Estate is pleased to present 1001 Bannock Street, Denver, CO 80204 for sale/leaseback. The property, currently home to Shift Workspaces, is Colorado's premiere luxury workspace which features private offices, coworking space, virtual offices, meeting rooms and event space.

Property Facts

Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
23,087 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1898/2016
Price
$12,460,000
Price Per SF
$540
Cap Rate
6.50%
NOI
$809,900
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
5,772 SF
Slab To Slab
15’
Building FAR
2.04
Land Acres
0.26 AC
Zoning
D-GT
Parking
12 Spaces (0.52 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Atrium
  • Bus Line
  • Conferencing Facility
  • Fitness Center
  • Security System
  • Kitchen
  • Central Heating
  • Direct Elevator Exposure
  • Natural Light
  • Secure Storage
  • Shower Facilities
  • Hardwood Floors
  • Outdoor Seating
  • Air Conditioning
  • Balcony
Walk Score ®
Walker's Paradise (96)
Bike Score ®
Biker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5037-03-102
Land Assessment
$847,270
Improvements Assessment
$1,463,580
Total Assessment
$2,310,850
  • Listing ID: 32707263

  • Date on Market: 8/6/2024

  • Last Updated:

  • Address: 1001 Bannock St, Denver, CO 80204

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