Property Description

This is a 4,880 square foot office condominium located at 18801 E. Mainstreet Suite 250 in Parker, Colorado. The property is currently leased to Coldwell Banker, one of Colorado’s most established real estate brands, under a 6-year lease term. The building was constructed in 2000 and sits on 3.08 acres with ample parking (71 spaces, or 2.79 per 1,000 SF). The property is being offered for sale at $1,605,000 with a 7.25% cap rate and a net operating income of $116,433 for the first year.

Property Highlights

• Rare ownership opportunity for a small office condo in downtown Parker
• Prime location in one of Colorado’s most desirable suburban markets, located in the 7th richest county in the USA
• Strong tenant: Coldwell Banker, a well-established real estate brand with deep Colorado roots and commitment to market leadership
• Excellent visibility: Monument and building signage on Mainstreet in Parker with high traffic counts (18,014+ vehicles per day)
• Walkable location: Close proximity to restaurants, shopping, parks, and trails
• Flexible zoning: Multitude of allowed uses for the space
• Strong demographics: Median household income of $129,342 in the surrounding area, with affluent, well-educated population
• Growth market: Parker ranked in Top 100 Best Places to Live with projected 9.5% population growth through 2030
• Escalating income: Built-in rent increases provide growing NOI and cap rates from 7.25% to 8.41% over the lease term
• Strategic access: Easy access to E-470 tollway, Parker Road, and Denver International Airport