554-568 Eighth Avenue
270 West 38th Street, New York, NY, 10018, US
Descripción
JLL is pleased to present the exclusive opportunity to acquire 1125 17th Street (the “Building”, “Property” or “Asset”), a 496,049-square-foot office tower situated in the heart of Downtown Denver.
The Property is currently 88% leased with 4.5 years of weighted average lease term (“WALT”). As Downtown Denver’s tenants consolidate into the highest-quality, most amenity-rich buildings, 1125 17th has emerged as a primary destination for that flight to quality. Comprehensively repositioned, the tower pairs a reimagined amenity base with superior tenant spaces — and has become a center of leasing success in the downtown core. With no new construction planned in the CBD for the next decade, a new owner is positioned to capitalize on durable in-place cash flow and the extensive capital already invested in the asset, while capturing the significant embedded value remaining across the rent roll.
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Atributos
Superficie neta construida
46.084 m²
Ocupación
88 %
Pisos
25
WALT
4.5 años
Año de construcción
1980
Media
Aspectos destacados de la inversión
- $19.8M Comprehensive Renovation Delivered in 2024
- 254,063 SF Leased Post-Renovation (43% from Other CBD Towers)
- A Rent Roll Rebuilt: Rents Have Climbed 71% Since Acquisition (8% Avg Ann. Growth)
- Immediate Embedded Upside: 24% Mark-to-Market Across 57% of the RBA
- Deliberately De-Risked Rollover: 80% of Expiring Space Belongs to First Lease Tenants
- Upside Beyond a 5-Year Hold Period: 28% of the Property Remains to Roll After 5 Years, 93% Will be First lease Tenants
- Distinct Pricing Power: Rents Offer 49% Discount to Cherry Creek; 24% to New CBD Product; 20% to LoDo
- Largest Tenants Will be 62% Below Replacement Rents at Expiration
- Surrounding Area Is Undergoing a Significant Transformation Driven by Public & Private Investments
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1125 17th Street (0 Propiedades)
