Cushman & Wakefield Closes Multi-tenant Office Building in Inverness Business Park
Denver, CO – Cushman & Wakefield has announced the sale of 373 Inverness Parkway, an 82,801 square foot multi-tenant office/flex building located in Denver’s premier southeast suburban submarket, according to Steve Schwab, Managing Principal of the firm’s Denver office. The property sold for $10,900,000.
Aaron D. Johnson and Jon D. Hendrickson, Managing Directors in the Capital Markets Group with Cushman & Wakefield’s Denver office, had the exclusive listing to sell the property on behalf of an Arizona-based limited liability company.
“373 Inverness is extremely well located within the established Inverness Business Park catering to tenants looking for a quality image with office and research & development functions,” said Johnson. “The asset garnered significant interest leading to a competitive process. Investors were ultimately attracted to the creative and flexible nature 373 Inverness provides.”
Recently renovated, the property was 100% leased to a diverse tenant base with the opportunity to increase lease rates over time. 373 Inverness Parkway features immediate access to I-25, E-470 and a light rail station is located due west of the property with an abundance of nearby amenities. 373 Inverness sold on January 20, 2017, to a private partnership.
Image courtesy of Cushman & Wakefield