Cushman & Wakefield has announced the sale of Deer Creek Offices, a 67,921 square foot multi-tenant office building located in southwest Metro Denver in Littleton, Colorado, according to Steve Schwab, Managing Principal of the firm’s Denver office. The property sold for $10,175,000.
Aaron Johnson and Jon Hendrickson, Capital Markets Managing Directors with Cushman & Wakefield’s Denver office, had the exclusive listing to sell the property on behalf of a California-based private partnership.
“Deer Creek Offices is well located near the intersection of C-470 and Kipling Parkway providing prominent highway visibility catering to tenants from the extensive surrounding executive and employee housing seeking a quality, small tenant environment,” said Johnson. “Investors were attracted to the quality image of the building and improvements in the tenant suites, coupled with the strong historical occupancy.”
Deer Creek Offices is 95% leased to a diverse tenant base providing stabilized cash flow to an investor upon acquisition. The rent roll is comprised of 14 tenants across a wide array of industry sectors including engineering, financial services and healthcare.