Sale Transaction

NavPoint Real Estate Group Sells 65,000+ SF Multi-Tenant Office/Flex/R&D Investment Asset in Broomfield for $11,200,000

By February 27, 2020 No Comments

Broomfield, CO – NavPoint Real Estate Group is pleased to announce it has completed the sale of a 65,127 SF Multi-Tenant Office/Flex/R&D Investment Asset located at 295 Interlocken Boulevard in Broomfield, Colorado.

Built in 1984, the property is a single-story masonry building situated on 5.515 acres and offers high-quality design and construction as well as good bay depths, quality materials, and attractive architectural elements. The property includes a wide variety of Tenants in the technology, food and transportation industries.

Located in the Interlocken Business Park at the heart of the Technology corridor in Broomfield, the asset offers easy access to the Denver/Boulder Turnpike as well as proximate location to Flatiron Crossing Mall, numerous hotels, a championship golf course, parks and jogging trails.

Matt Call; Principal with NavPoint Real Estate Group who represented the Seller commented on the sale saying “We received significant interest in this asset from the day we went to market, the opportunity to buy stabilized flex assets on the highway 36 corridor is infrequent given where we are in the real estate cycle and the market indicated this through the high number of inquiries and offers we received. The Buyer intends to hold this asset long-term and capitalize on rent growth and long-term leasing demand in the Interlocken Business Park.”

NavPoint Real Estate Group represented the seller, Silverwood Investments LP, in this transaction. The buyer, 295 Interlocken Boulevard LLC, was represented by Eric Rutherford of WK Real Estate.

This transaction successfully closed in February 2020.