Overview

Description

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This office property portfolio consists of two adjacent buildings offering a total of 53 units and 61,882 RSF. The properties sit on a 1.53 acre lot that is located at the intersection of S. Wadsworth Blvd (approx. 54,000 average daily vehicles) and W. Yale Ave (approx. 10,000 average daily vehicles) in southwest Denver, just a few blocks north of Highway 285.

Bear Valley West features open layouts which are highlighted by open-air atriums in the center of each building. The layout of the office campus has positively contributed to strong leasing activity during COVID and the property now boasts a 98% occupancy rate. Recent capital expenditures include updated landscaping and resealing of the large surrounding parking lot. The properties’ strong occupancy is comprised of a diverse mix of medical and professional tenants occupying a wide range of suite sizes.

Highlights

• Offered at 7.4% Cap Rate
• Approximately 98% occupancy
• Ample onsite parking
• Broad mix of private suite sizes (250 SF to 4,500+ SF)
• Well diversified medical and professional tenancy
• Beautiful open-air atrium
• Updated landscaping, sealed parking lot, and multiple other capital improvements

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