The Greens at Inverness

ENGLEWOOD, CO

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The Offering

Type
Office
Price
$2,995,000
Year Built
1981
% Leased
55.5%
# of Buildings
1

Investment Highlights

Rare pricing of $120/RSF for a building with existing long-term leases for 55% of the building with 5.8 years of WALT

Earliest existing lease expiration not until 2029

Premier location with direct view of the 15th hole of The Club at Inverness golf course

Existing occupancy conducive to an owner-user occupying the majority of the 1st floor with a custom buildout

Investment Overview

Quiver Investments, LLC, as exclusive advisor, is pleased to offer the opportunity to acquire the fee simple interest in 58 Inverness Dr. East (the “Property”), a 2-story Class B multi-tenant office property consisting of 24,868 RSF and located within the prestigious Inverness Park.

This presents a unique opportunity for an owner-user to acquire a building along the 15th hole of The Club at Inverness, a semi-private golf course and resort. Multiple existing long – term leases are in place totaling 13,804 RSF of occupancy with the earliest expiration being in Q1 – 2029 resulting in
a weighted average lease term (WALT) of 5.82 years with the rare ability to customize the 1st floor vacancy of 8,637 RSF for their own occupancy.

Inverness Park itself encompasses unincorporated areas of Arapahoe and Douglas counties on the east side of Interstate 25 between Dry Creek and County Line Road and includes approximately 980 acres of highly amenitized business and residential developments in the heart of the Denver Tech Center. At the center of Inverness Park is The Club at Inverness, a resort and golf course which has a long list of awards and accolades. In addition, Inverness Park is adjacent to Centennial Airport, the business general aviation airport in the nation. In 2023, Centennial Airport accommodated 362,407 aircraft operations, generating approximately $2.1 billion in direct and indirect economic impact to the local and regional economy.

Team

Benjamin Swanson

Principal
CO #FA.100087910
MT #RRE-BRO-LIC-99877
(970) 218-5219
(720) 599-6200

John Witt

Principal
CO #ER.100037978
(303) 748-8390
(720) 599-6200