Littleton, CO – December 15, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of Broadway Office Centre, located at 5601 S Broadway in Littleton, CO.
Advisor David Barocas (NorthPeak Commercial Advisors) represented the seller and Advisors Jack Sherman & Dan Hawthorne (NorthPeak Commercial Advisors) represented the buyer in this transaction.
“This was a complex sale that included a Wells Fargo anchored office building that sits on 2 large parcels. The Seller spent the last 3 years rehabbing the building while stabilizing rents and, with the recent rezoning changes in Littleton, the Buyer saw an opportunity to purchase a cash flowing asset in the heart of Littleton with tremendous development upside.” – David Barocas, NorthPeak Commercial Advisors
This was a very unique deal that is loaded with upside potential and was put together through collaboration in the office. Not only is this one of the signature office buildings in Littleton, but the property comes with an ample amount of land with its own set of potential opportunities for our Buyer to work with.” – Jack Sherman, NorthPeak Commercial Advisors
For more information on this investment or current market conditions, please contact David Barocas at 303-669-2475 or David@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Property Type(s): Land | Office
- Closed Date: December 15, 2021
- Address: Broadway Office Centre | 5601 S Broadway, Littleton, CO 80121
- Sale Price: $10,325,000
- # Office Suites: 38
- Building SF: 60,460 SF
- Land SF: 161,960 SF
- Cap Rate: Call for Details
