Rampart Center - Building B

7245 S Havana St, Englewood, CO, 80112, US

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale Rampart Center (Building B) (the “Property”). Rampart Center is comprised of one single-story flex office building totaling 50,846 square feet located in Denver’s Southeast Suburban submarket. The Property presents a compelling opportunity to enjoy a durable cash stream with future upside with the addition of roll-up doors (flex conversion).

The Property is 100% leased to 4 tenants with a weighted average remaining lease term of 10.3 years. In addition, Rampart Center features 43.4% of the gross leasable area with a AA+ credit rating and the remaining square footage is with well-established companies, providing durable cash flow with strong in-place yield.

Rampart Center is strategically located in the Southeast Submarket, one of Colorado’s most affluent and highly educated areas with the highest concentration of Fortune 500 companies in the state. The Property provides tenants with a fantastic amenity set, retail like presence, and a strong parking ratio which is well-positioned to capture outsized leasing activity for years to come.

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Attributes

Building area net

4,724 sm

Occupancy

100%

WALT

10.3 years

Tenant credit rating

Media

Investment highlights

100% Leased with 10.3 Years of Weighted Average Lease Term Remaining
43% of the Rent Roll is GSA with Firm Term (Passport Office)
~$10,000,000 ($450/sf) spent on the GSA Suite Improvements
Amenitized with Recently Completed Fitness Center and Outdoor Patio
Incredible Leasing Momentum and Occupancy that Outperforms the Denver Metro, Submarket and Competitive Set
Flex Potential with the Addition of Rollup Doors, Creating Future Value and Functionality
Ease of Accessibility with Proximity to Colorado’s Largest Retail Hub