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Property Detail

17th Street
ParkRidge One provides a versatile, vacant Class A office ideal for owner/users and value-add invest
$2,150,000
Manufacturer: https://www.cbre.com/

Description

  • ParkRidge One provides a versatile, vacant Class A office ideal for owner/users and value-add investors to break into the Lone Tree suburb of Denver.
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  • Sitting just off I-25, the property enjoys easy access to quality urban amenities, beautiful golf courses, and fast-growing bedroom communities.
  • Numerous modern features include wall-to-wall windows with mountain views, large floor plates, an on-site café, and locker rooms with showers.
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  • Strong 5-mile workforce pipeline, with over 201,000 residents and daytime employment of 139,000, with 61% carrying bachelor’s degrees or higher.

Executive Summary

CBRE has been exclusively retained to sell ParkRidge One, a Class A office building located in Southeast Suburban Denver. The building’s unique architecture, outstanding design features, and accessible location also make this one of the most attractive lease-up or development opportunities in Colorado. Constructed in 1999, ParkRidge One is newer than 80% of Southeast Denver’s office market, a significant competitive advantage.

With abundant modern features and a timeless interior design, this stunning 166,708-square-foot corporate center is perfect for a wide range of office users. The space is defined by a bright two-level atrium, wall-to-wall windows offering mountain views on every floor, and spacious floor plates ideal for large and small businesses. ParkRidge has NRA/NUA efficiency factors of 1.06 for single-tenant floors and 1.09 for multi-tenant floors. It features 5-foot planning grids, multiple raceways allowing access for multiple self-healing fiber optic providers, and a dual substation electrical feed. Eight watts per square foot of power throughout for tenants and one thermostatically controlled HVAC zone per 1,000 square feet add to a building grounding system for tenant telephone and electrical systems. Other desirable features include an on-site café, a shared training center, locker rooms with showers, secure controlled access, and an IDF Room with an uninterruptible power supply (UPS). Parking is a breeze, thanks to a parking ratio of 4.10 with over 680 stalls, including 62 subterranean parking spaces.

ParkRidge One is located within Southeast Denver’s Meridian/ Douglas County submarket, offering tremendous access and visibility at the intersection of Interstate 25 and Lincoln Avenue. This location provides an easy commute to fast-growing bedroom communities. In addition to unparalleled visibility and signage, this TOD asset is located less than a half-mile from both Lincoln Station and SkyRidge Station, offering convenient light rail and bus access.

ParkRidge One is surrounded by Southeast Denver’s premier neighborhoods, including Castle Pines, Lone Tree, RidgeGate, and Parker, boasting some of the strongest demographics in the country. The growing population within 5 miles of the property currently exceeds 201,000, with daytime employment of 139,000. With 61% of residents carrying a bachelor's degree or higher and 89% of workers employed in service-producing industries, there is a meaningful pipeline of qualified new talent for businesses in the area.
RidgeGate is one of Denver’s most rapidly expanding residential and commercial areas. The vital hub offers a state-of-the-art hospital, burgeoning retail centers, executive housing, new apartment communities, hotels, and the corporate Charles Schwab and Kiewit campuses totaling nearly 1 million square feet. Additionally, the Park Meadows Mall is just 2 miles north of the property, a 1.6 million-square-foot indoor/outdoor hybrid shopping mall. The mall offers anchors, including Nordstrom, Macy’s, and Dillard’s, as well as ancillary retailers, including IKEA, dozens of restaurants, and specialty stores.

Secure a well-maintained Class A office building with an exceptional location in Southeast Denver at 10475 Park Meadows Drive, ParkRidge One.

Institution Driven

Listing ID : 00548

SKU: 548

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Price History

DateEventPrice
December 2 2024Listed$2,150,000.00