1001 Bannock StDenver, CO 80204

For Sale
$12,460,000

Prime Denver location, 23,087 SF, 6.5% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Class A creative office building, located at 1001 Bannock Street in Denver, Colorado's vibrant Golden Triangle neighborhood, presents a compelling sale/leaseback opportunity. The property, totaling 23,087 square feet, is situated on an 11,152 square foot lot and boasts a 100% occupancy rate. Built in 1898 and extensively renovated in 2016, this three-story building offers a unique blend of historical charm and modern amenities. The current tenant, a well-established shared workspace operator, occupies the entire space under a single-tenant net lease (STNL) agreement. The asking price is $12,460,000, representing a compelling $539.70 per square foot and a 6.50% capitalization rate. The D-GT zoning allows for flexible future uses. The property's prime location provides convenient access to major thoroughfares and public transportation, as well as a wealth of nearby amenities, including art galleries, diverse restaurants, breweries, and coffee shops. This investment offers a rare opportunity to acquire a high-performing asset in a thriving Denver neighborhood. The building features private offices, coworking space, virtual offices, meeting rooms, and event space.

Highlights

  • Single-tenant, net-lease sale-leaseback opportunity with established Shift Workspaces.
  • Class A creative office building in Denver's Golden Triangle.
  • Vibrant location with walkable arts, culture, dining, and entertainment.
  • D-GT zoning allows flexible uses.
  • Excellent access to major roads and public transit.

Property Details for 1001 Bannock St

Property type
Other office properties, Office space
Square Feet
23,087 SF
Class
A
Year Built/Renovated
1898/2016
Buildings
1
Stories
3

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.732095327228
Longitude
-104.99070379655
1001 Bannock St, Denver, Colorado

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1001 Bannock St
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