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This five-story, 83,833-square-foot Class B office building in Denver, Colorado, presents a compelling investment opportunity. Located at 5353 W Dartmouth Ave, this multi-tenant property boasts a 74% occupancy rate with staggered lease expirations, offering potential for rental upside. The building, constructed in 1979 and extensively renovated in 2021, features upgraded lobbies, restrooms, and a conference room, along with modern lighting and HVAC systems. All suites enjoy exterior windows and abundant natural light due to the shallow floor plate design. The property sits on a large 152,460 square foot lot, zoned B-2, and offers a mix of suite sizes, catering to diverse tenant needs. Its prime location near Sheridan Blvd. and Hwy 285 provides excellent visibility and accessibility, with nearby amenities including Starbucks, Walgreens, King Soopers, and Home Depot. The building is conveniently located near the Bear Creek greenway and is served by RTD. Energy-efficient improvements have resulted in an Energy Star score of 81 and Energize Denver compliance (62.5 EUI site score, 73.8 target). The asking price is $8,900,000 ($141.60/sq ft), with a land value of $68.87/sq ft. The property's strategic location and existing tenant revenue, coupled with the potential for multi-family redevelopment, make it an attractive investment. Office furniture is available, and non-anchor leases include relocation clauses. The net rentable area is 74,151 square feet.
Highlights
$8,900,000 asking price for a 74,151 square foot, Class B office building in Denver, CO.
74% occupancy with staggered lease expirations and below-market rents, offering leasing upside potential.
High-profile location with excellent visibility and accessibility; a local landmark.
All suites feature exterior windows and great views, with shallow floor plates maximizing natural light.
Recently renovated (2021) with upgraded lobbies, restrooms, a conference room, lighting, and HVAC systems.
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