1331 + 1401 17th St_Actifs en vente
1331 + 1401 17th St_Actifs en vente
Denver, CO, US, Americas

1331 + 1401 17th St

Description du portfolio

JLL is pleased to offer investors the opportunity to acquire 1331 & 1401 17th Street; two prominently located office assets at one of Lower Downtown’s (LoDo) most desirable corners.


  • Located in LoDo, Denver CBD’s best performing office market
  • Combined assets contain 8.5% of public parking in LoDo Submarket
  • Proven recent leasing demand from tenants in the market
  • In-place rents 38% below market rates
  • $20M in building improvements spent by current ownership
  • Major spec suite and common area renovations minimize additional required CapEx
  • Developed prior to the LoDo height restriction, offering competitive view advantage
  • Assets can be acquired individually or together
...

Caractéristiques de l'actif

Nombre d'immeubles
2
Occupation
59 %
WALT
2.9 années
Places de parking
1 138
1331 + 1401 17th St (2 actifs)
1331 + 1401 17th St (2 actifs)

Média

Points clés d'investissement

Leasing in Denver has heavily favored the LoDo submarket, particularly with ready-built spaces. The positive leasing momentum occurring at the buildings offers a strong tailwind to the investor in maintaining and growing this activity through new spec suites.

 

Each asset is materially overparked, with a combined parking count that comprises 8.5% of all public parking in LoDo. These garages provide durable income from transient and monthly parkers. At the Property level, current ownership has invested nearly $20M in capital investments across the two buildings, thus lowering the need for back-of-house spending.

 

Together or separately, 1331 & 1401 17th Street offer the investor value-add lease-up in the buildings along with meaningful parking revenue in downtown Denver’s most supply constrained and in-demand submarket.

1331 + 1401 17th St 4_Actifs en vente
1331 + 1401 17th St 4_Actifs en vente

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Dernière mise à jour
16 mai 2024