
Palmer Center | Colorado Springs
90 S Cascade Ave, 2 N Cascade Ave, Colorado Springs, CO, 80903, US
42,689 ㎡
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.