58 Inverness DrEnglewood, CO 80112

For Sale
$2,995,000

Class B office building, 24,868 sq ft, owner-user opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a 24,868-square-foot, two-story Class B office building situated on a 1.8-acre lot in the prestigious Inverness Park of Englewood, Colorado. The property, built in 1981 and renovated in 2022, boasts a desirable location overlooking the 15th hole of The Club at Inverness, a renowned golf course and resort. Currently housing six tenants, the building enjoys 55.5% occupancy with a weighted average lease term (WALT) of 5.8 years, the earliest lease expiring in Q1 2029. This provides a strong foundation for an owner-user seeking to occupy the approximately 8,637 square feet of vacant first-floor space, allowing for a custom buildout. The property features 3.9 parking spaces per 1,000 square feet and is zoned I-1 (Light Industrial). The asking price is $2,995,000, translating to $120.44 per square foot. The fee-simple ownership offers significant long-term potential, enhanced by the property's proximity to Centennial Airport, a major general aviation hub. Rent bumps are included in the lease agreements. This presents a rare opportunity to acquire a well-maintained office building in a prime location with existing income and significant upside potential for an owner-occupier. The property's address is 58 Inverness Dr E, Englewood, CO 80112, and its APN is 034140107.

Highlights

  • $120/RSF asking price, 55% leased with a 5.82-year weighted average lease term (WALT).
  • First lease expiration in 2029.
  • Exceptional location overlooking the 15th hole of The Club at Inverness.
  • Significant first-floor space ideal for owner-occupancy with custom build-out potential.

Property Details for 58 Inverness Dr

Property type
Other office properties, Office properties
Square Feet
24,868 SF
Class
B
Year Built/Renovated
1981/2022
Buildings
1
Stories
2
Lot Size (sq. ft)
78,408 SF

Location Insight

City
Englewood
County
Arapahoe
State
Colorado
Latitude
39.576876557042
Longitude
-104.85685513337
58 Inverness Dr, Englewood, Colorado

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58 Inverness Dr
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