Thornton, CO Office Property for Sale

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12121 Grant Street

Thornton, CO 80241

Office

$39,959,590117,701 SF

The subject investment is a seven story Office Data building located at 12121 Grant Street in Thornton, Colorado, a northern suburb of Denver. Roughly forty-four percent of the building is currently occupied by Avaya, a privately held global provider of business communications and collaboration systems. Avaya and the current owner will have invested roughly $20 million in tenant improvements into the building prior to rent commencement in July of 2015. This is the rare opportunity for investors to acquire a large block opportunity in the Northwest Denver market. Avaya leases roughly 117,701 square feet of which is approximately 50% Data and 50% Office space, occupying part the basement, first floor, second floor, and third floor of the property. The base term of the lease is 127 months, which is accompanied by two, five-year tenant renewal options. The tenant is responsible for its proportionate share of all operating expenses including the operation, repair, and maintenance of the property.

Thornton, CO Office Property for Sale

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