Rampart Center_Property for Sale
Rampart Center_Property for Sale
South Havana Street 7245, Englewood, CO, 80112, US

Rampart Center

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale Rampart Center (the “Property”). Rampart Center is comprised of two single story flex office buildings totaling 100,455 square feet located in Denver’s Southeast Suburban submarket. The Property presents a compelling opportunity to enjoy a durable cash stream with the optionality to add flex doors in the future to create more functionality to this asset.


The Property is 94% leased to 5 tenants with a weighted average remaining lease term of 7.2 years. In addition, Rampart Center features 60% BB credit rating or better tenancy, providing a combination of durable cash flow in the near term with significant upside via the addition of rollup doors. The Property features an above average parking ratio, a courtyard between the two buildings with tenant patios, a fitness center, and best-in-class drivable amenities.


Rampart Center is currently anchored by DaVita Kidney Care (NYSE: DVA; BB (S&P), who is currently subleasing to The Village Workspace, a fast-growing co-working and community space. Other tenants include a GSA Tenant (The Passport Office), healthcare tenant, and engineering tenant, representing a compelling mix of tenants. 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.

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Attributes

Building area net
100,455 sf
Occupancy
94%
Year built
1999
WAULT
7.2 years

Media

Investment Highlights

  • Incredible Leasing Momentum and Occupancy that Outperforms the Denver Metro
  • 7.2 Years of Weighted Average Lease Term Remaining
  • 60% of the Rent Roll is Credit Tenancy
  • Capital Improvements and Amenities Including a Fitness Center and Community Courtyard
  • Flex Potential with the Addition of Rollup Doors, Creating Future Value and Functionality
  • Ease of Accessibility with Proximity to Colorado’s Largest Retail Hub
Rampart Center 4_Property for Sale
Rampart Center 4_Property for Sale

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Last updated
5 Apr 2024