Denver Corporate Center II & III

7800 & 7900 E Union Ave, Denver, CO, 80237-2735, US

Description

Jones Lang Lasalle is pleased to offer the opportunity to purchase Denver Corporate Center II & III (“Property” or “DCC”), the premier project in the Denver Tech Center with best-in-market renovations, consistently strong leasing activity, and strip retail at its doorstep. DCC outshines the market with incredible amenities, including a high-end fitness center with showers and lockers, conference areas, tenant lounges, and an on-site deli café.

Currently 85% leased with 3.4 years of WALT to a well-diversified rent roll and one of the fastest growing tenants in Denver, CACI, Inc, Denver Corporate Center II & III garners consistent leasing momentum. The remaining vacancies, 43% of which are in "A" condition, offer a range of suite sizes that are perfectly positioned to capture the most active tenants in the market today. Denver Corporate Center outshines the market with incredible amenities, including a high-end fitness center with showers and lockers, conference areas, tenant lounges, and an

on-site deli café.

...

Attributes

Building area net

35,445 m²

Occupancy

85%

Year built

1982

Land area net

4.94 ha

Media

Investment Highlights

Strongest Leasing Story in the Southeast Suburban
The Only Class B Office Project in the DTC with Retail Amenities On-Site
Fully Repositioned Assets with Hospitality Style Lobbies, Tenant Lounges, Conference Centers, Fitness Center with Showers and Lockers, and In-Building Deli Café
Anchored by One of Denver’s Highest Growth Tenants, CACI International Inc (NYSE: CACI) (S&P: BB+), with Ample Self-Investment Into Premises
Highly Improved Spaces Throughout: 43% of the vacancies and 77% of the Building are in “A” Condition, Requiring Low Capital Outlay for Continued Leasing Momentum
Ideally Aligned with Most Active Tenant Base in the Market
Superior Micro-Market Surrounded by Executive Housing, Brand New Multifamily Projects, Premier Schools, with High-End Retail & Hotels
Positioned for Rental Growth and Enhanced Value With Tier 1 Product 95% Leased, Well-Located and Amenitized Tier 2 Assets Like DCC Are Poised to See Outsized Performance