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The Greens at Inverness 58 Inverness Dr E

24,868 SF 56% Leased Office Building Englewood, CO 80112 $2,995,000 ($120/SF)

Investment Highlights

  • Rare pricing of $120/RSF for a building with existing long-term leases for 55% of the building with 5.82 years of WALT
  • Premier location with direct views of the 15th hole of The Club at Inverness golf course
  • Earliest existing lease expiration not until 2029
  • Existing occupancy conducive to an owner-user occupying the majority of the 1st floor with a custom buildout

Executive Summary

Quiver Investments, LLC, as exclusive advisor, is pleased to offer the opportunity to acquire the fee simple interest in 58 Inverness Dr. East (the “Property”), a 2-story Class B multi-tenant office property consisting of 24,868 RSF and located within the prestigious Inverness Park.
This presents a unique opportunity for an owner-user to acquire a building along the 15th hole of The Club at Inverness, a semi-private golf course and resort. Multiple existing long – term leases are in place totaling 13,804 RSF of occupancy with the earliest expiration being in Q1 – 2029 resulting in
a weighted average lease term (WALT) of 5.82 years with the rare ability to customize the 1st floor vacancy of 8,637 RSF for their own occupancy.
Inverness Park itself encompasses unincorporated areas of Arapahoe and Douglas counties on the east side of Interstate 25 between Dry Creek and County Line Road and includes approximately 980 acres of highly amenitized business and residential developments in the heart of the Denver Tech Center. At the center of Inverness Park is The Club at Inverness, a resort and golf course which has a long list of awards and accolades. In addition, Inverness Park is adjacent to Centennial Airport, the business general aviation airport in the nation. In 2023, Centennial Airport accommodated 362,407 aircraft operations, generating approximately $2.1 billion in direct and indirect economic impact to the local and regional economy.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Building Size
24,868 SF
Building Class
B
Year Built/Renovated
1981/2012
Price
$2,995,000
Price Per SF
$120
Percent Leased
56%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,434 SF
Building FAR
0.32
Land Acres
1.80 AC
Zoning
I-1 - Zoning is I-1 (Light Industrial)by Arapahoe County
Parking
96 Spaces (3.86 Spaces per 1,000 SF Leased)

Amenities

  • Golf Course

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 105
  • 8,638 SF
  • Office
  • Full Build-Out
  • Now
  • 2nd Fl-Ste 202
  • 2,108 SF
  • Office
  • -
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 105 8,638 SF Office Full Build-Out Now
2nd Fl-Ste 202 2,108 SF Office - Now

1st Fl-Ste 105

Size
8,638 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 202

Size
2,108 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 105

Size 8,638 SF
Space Use Office
Condition Full Build-Out
Available Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2075-35-2-12-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$578,088
  • Listing ID: 31809340

  • Date on Market: 5/15/2024

  • Last Updated:

  • Address: 58 Inverness Dr E, Englewood, CO 80112

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