370 Interlocken

370 Interlocken Blvd, Broomfield, CO, 80021-8009, US

描述

JLL Capital Markets, as the exclusive agent for the seller, is pleased to present 370 Interlocken (the “Building” or “Property”), a prominent six-story office building encompassing 152,145 square feet (“sf”) in Denver’s Northwest Submarket. Located within the highly desirable Interlocken Business Park along U.S. 36, 370 Interlocken offers a strategic advantage by attracting large corporations and growing companies across diverse industries. Its prime location provides unparalleled visibility and connectivity to the talent pools of the surrounding area, as well as Denver and Boulder, capitalizing on the Northwest Submarket’s reputation for attracting a highly skilled workforce.

370 Interlocken is 32.7%* leased with a weighted average lease term (WALT) of 3.9 years. This offers investors a unique opportunity to acquire a well-positioned asset and implement a strategic capital improvement plan to increase occupancy, all while remaining significantly below both replacement cost and historic acquisition comparables.

The Northwest Submarket consistently attracts world-class companies and residents due to its high quality of life, excellent schools, abundant amenities, and relative affordability compared to Denver and Boulder. Broomfield County, home to 370 Interlocken, was named the ‘2024 Large Community of the Year’ by the Economic Development Council of Colorado, reflecting the area’s strong appeal.

It is this environment that has supported 370 Interlocken’s strong historic occupancy, posting average occupancy from 2007-2020 of 89%. The current occupancy follows Stantec downsizing from 79,144 sf to 53,081 sf in 2021, and ultimately consolidating out of the Building in 2023. The Building is already on its way to regaining occupancy, signing three leases in the past five months, alone. A path to additional absorption will be further supported by the implementation of a spec suite program at the Building.

*Occupancy of 32.7% on 1/1/2026 reflects HomeSphere’s move from temporary to permanent space, and the vacate of Lighthouse Financial.

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特性

建築物面積 (淨面積)

152,145 平方呎

使用／出租率

32.7%

WAULT

3.9 年

媒體

投資亮點

Acquire at a Discount: Purchase the Property well below replacement cost and historic comparable sales.
Strategic Enhancements: Capitalize on a legacy of institutional ownership with strategic amenity enhancements and a targeted spec suite program with a path to quickly increase occupancy.
Leasing Momentum: 3 recent leases in the last 5 months demonstrates strong market appeal and supports a spec suite program.
Historic Occupancy: Strong historic occupancy, averaging 89% from 2007-2020, substantiates the Building’s desirability in the market.
Premier Business Destination: Located in Broomfield’s Interlocken Business Park, home to Fortune 1000 and international corporations.
Owner-User Potential: Attractive opportunity for owner-users seeking financial advantages, brand visibility, and control over growth.