A 65,127-square-foot multi-tenant office/flex/R&D investment asset at the Interlocken Business Park in Broomfield, has sold for $11.2 million.
NavPoint Real Estate Group represented the seller, Silverwood Investments LP of Castle Rock, in this transaction. The buyer, 295 Interlocken Boulevard LLC, was represented by Eric Rutherford of WK Real Estate. The transaction successfully closed in February 2020.
Built in 1984, the property is a single-story masonry building situated on 5.515 acres and offers high-quality design and construction as well as good bay depths, quality materials, and attractive architectural elements. The property includes a wide variety of tenants in the technology, food and transportation industries.
Located at 295 Interlocken Boulevard at the heart of the Technology corridor in Broomfield, the asset offers easy access to the Denver/Boulder Turnpike as well as proximate location to Flatiron Crossing Mall, numerous hotels, a championship golf course, parks and jogging trails.
“We received significant interest in this asset from the day we went to market, the opportunity to buy stabilized flex assets on the highway 36 corridor is infrequent given where we are in the real estate cycle and the market indicated this through the high number of inquiries and offers we received. The Buyer intends to hold this asset long term and capitalize on rent growth and long-term leasing demand in the Interlocken business Park,” says Matt Call, principal with who represented the seller in the sale.