Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing for sale Lincoln Professional Plaza, a 16,670-square-foot office property that is fully-leased in the Denver-area community of Lone Tree, Colorado. The office property for sale is located in a micro market that is experiencing tremendous growth through the addition of numerous new amenities, housing communities, employment hubs and improved accessibility throughout all of Metro Denver with a new light rail stop.
Located in one of the most affluent southeast suburbs of metropolitan Denver, this two-story, multi-tenanted, medical-focused suburban office property for sale is currently 100 percent occupied by seven tenants, four of which are dental practices that have long term plans to continue operating at the property, providing long-term stability to an investor. Additionally, the seven tenants have a weighted average 5.67 years of remaining lease term, providing stable cash flow to new ownership.
Lincoln Professional Plaza is located at 8683 E Lincoln Avenue in Lone Tree, Colorado, just 2.6 miles from the super-regional retail resort of Park Meadows Mall that contains more than 160 retailers; one mile from the brand new 650,000-square-foot Charles Schwab Campus that will employ more than 4,000 people; and 1.1 miles from Sky Ridge Medical Center, a Level III Trauma Center and 286-bed regional hospital campus. Furthermore, the office property for sale is within minutes of dozens of restaurants, retail and other amenities in the immediate area, giving tenants a wide variety of options. Lincoln Professional Plaza’s location along Lincoln Avenue and just minutes from Interstate 25 allows ease of access to the property from throughout the entire metro area via light rail, bus or freeway. The strategic location of the property with its dentistry-dominated rent roll allows Lincoln Professional Plaza to benefit from a densely populated suburban area coupled with large regional employment centers, while also offering tenants a lifestyle-oriented work environment.
Lincoln Professional Plaza offers an attractive opportunity to own a newer-built asset with stable cash flows in one of the state’s most development-constrained markets. For more information on this office property for sale or other office properties for sale in the Denver area, please contact Jules Sherwood in HFF’s Denver office. To view HFF’s current real estate investment listings, please click here to be directed to HFF’s property search page.