Renovated Class A office tower on the edge of the CBD
1700 Lincoln Street · Denver · Denver County, CO 80203
Asking price
$41,200,000
Building
168,000 sqft
Lot
0.9 ac
Cap rate
6.8%
The pitch
Section 01 / 03Investment highlights
- 14 stories, four passenger elevators
- Repositioned in 2018, LEED Gold
- 88% leased, 6.8% in-place cap
- Two blocks from the 16th Street Mall
Executive summary
A 168,000 SF, 14-story tower repositioned in 2018 with a new lobby, fitness center, and conferencing floor. 88% leased to a diversified rent roll anchored by a regional law firm, with mark-to-market upside on rollover.
The asset
Section 02 / 03Pricing & Size
- Building Size
- 168,000 sqft
- Cap Rate
- 6.8 %
- Net Operating Income
- 2,801,600 $/yr
- Year Renovated
- 2018
- Building Class
- Class A
Building
- Construction Type
- Steel Frame
- Condition
- Excellent
- Stories
- 14
- Parking Spaces
- 210
- Parking Ratio
- 1.25 per 1k sqft
Utilities
- HVAC Type
- VAV
- Fiber Internet
- Yes
Office Features
- Office Class
- Class A
- Elevators
- 4
- HVAC System
- VAV
- Move-in Ready
- Yes
- Layout
- Mixed
Location & Zoning
- Zoning
- O&I
- FEMA Flood Zone
- X
- Opportunity Zone
- No
Compliance & Risk
- ADA Compliant
- Yes
Location & area
Section 03 / 03Location
39.74300, -104.98700Area & market data
Third-party sourcesNeighborhood Demographics
- Median Household Income
- $78,177
- Median Age
- 35 yrs
- Population
- 715,522 people
- Households
- 322,888
Location Context
Walk Score
61 / 100
Transit Score
47 / 100
Risk Assessment
- Seismic Zone
- 1
- Seismic Risk Category
- Low
Market Context
- Median Sale Price (5mi)
- $4,200,000
- Median Lease Rate (5mi)
- 24.5 $/sqft/yr