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3489 W 72nd Avenue - Park Center Office Building, Westminster, CO

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3489 W 72nd Avenue - Park Center Office Building

Westminster, CO 80030-5305 - Northwest Denver Submarket

(317.7 KB)

Property Type:Office Sub Type:- Status:Existing Year Built:1975
Stories:2 Typical Floor:10,080 SF Building Size:20,170 SF
For Sale Price:$1,790,000 Price/SF:$88.75
Cap Rate:7.93 %
Parking:78 Surface spaces are available; Ratio of 4/1,000 SF

Great office building that was recently remodeled with new carpet, paint, restrooms and common areas. Beautiful office space with tons of natural light, large offices and windows, natural wood doors, light, airy environment and DSL connections. Easy access to highway system at Federal and Hwy 36. This building is perfect for any small office users, new or old, that wants a very professional setting at a value oriented rent. Rent includes all utilities! Owners are motivated and will beat any deal in this sub market.

Sale Notes:
Park Centre is a well-established office building located three blocks west of 72nd and Federal Avenue in the northwest Denver suburb of Westminster. The building is currently 100% occupied with good, financially stable long-term anchor tenants. There are eleven tenants. Growing Home, a non-profit organization, has been the anchor tenant for over fifteen years. It is in the heart of Historic Old-Town Westminster and the Westminster Art District. The City of Westminster is undergoing substantial redevelopment in several targeted areas; and Park Centre is in the middle of two of them. Both the Westminster RTD Light Rail Station, as well as the Westminster Transit-Oriented Redevelopment Project area which is slated to become the next new mixed-use urban neighborhood and regional destination in the Denver metropolitan area. All these factors will bring substantial added property values to the general area. Currently there is a limited supply of office property in this redevelopment area, and the general demand will likely increase. Park Centre’s interior and exterior have been well maintained. The lobby and hallways have all been updated this past year, and the lighting has all been upgraded to new energy saving LED lighting throughout the building. A new ADA accessible lift was also installed to service the main level.
Lots of well-established major retail, banks and restaurants are in the immediate area, including Walmart, Safeway, Starbucks, 7-11, Chase Bank, Wells Fargo, USBank and many more.

ProSource Commercial Realty LLC
Gary Sonmore
(720) 255-9900

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