Listed by Colliers - Denver, Colorado
$4,000,000
98 Inverness Drive E
Details
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 38,254
Tenancy Multi
Lease Type Gross
Price per SqFt $105
Class B
Year Built 1981
Year Renovated 2010
Buildings 1
Stories 3
Acreage 2.460
Zoning I-1
Parking Spaces 145 spaces
Parking per 1,000 SqFt 3.79
Investment Type Owner/User
Ownership 98 Inverness LLC
Office | 38,254 SqFt
Marketing description
Colliers is pleased to offer for sale 98 Inverness Drive East, a three-story 38,254 square foot office building located at the north entry of the desirable, covenant-controlled, 980-acre Inverness Park, comprising upscale commercial buildings and high-end residential communities. This well-maintained asset provides the unique opportunity and flexibility for an owner/user to occupy up to two floors or more with additional lease income in place.
The building is near the intersection of Dry Creek and Interstate 25, providing unmatched access and proximity to the best amenities in south metro Denver. Nearby points of interest include the award-winning 18-hole champion golf course, Centennial Airport, the Hilton Denver Inverness hotel with 50,000 SF of event space and 302 guest rooms, Park Meadows Regional Mall, and the Colorado Athletic Center. The building is a ¼ mile walk to The Shops at Vallagio and less than a mile to the Dry Creek Light Rail Station, which is also accessible through the Inverness Call-N-Ride Program. It is just a 2-minute drive to I-25 and Dry Creek or a 4-minute drive to C/E-470.
Investment highlights
- Open stairway connecting 1st & 2nd floor for corporate user setup
- Upgraded lobby/common areas and extensive glass line
- Efficient, finished small tenant floor plans on 3rd floor
- Climate controlled network operating center, fiber optics and back-up generator
- Furniture and workstations available
- Easy walk to light rail, restaurants, and retail
- Flexible user occupancy scenarios
- Quick access to I-25, C/E-470, DTC, and south suburban neighborhoods
- Potential Year 1 Rental Income of $271,676 from 3rd Floor Tenancy
- Located in amenity rich Inverness Park, highlighted by the Inverness Golf Course, Colorado Athletic Club, Hilton Inverness Hotel, and Vallagio
- Prominent building monument signage
- Competitively priced and significantly below replacement cost
Listing Contacts
Listed by Colliers - Denver, Colorado
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