Church Ranch Portfolio in Westminster, CO

Project Details

Location
Westminster, CO
Property Type
Office
Size
189,000 SF (2 Buildings)
Vintage
2000/2001
Purchase Price
$15,500,000

Purchased for $15.5 Million

Two Buildings Totaling 189,000 SF

Investment Rationale

  • Westminster was experiencing robust rent growth as vacancy rates compressed due to increased demand from prospective tenants being priced out of Boulder and Denver’s CBD.
  • 55,000 SF of leases expiring during the anticipated hold period were paying rents significantly below market.
  • Opportunity to terminate an 8,000 SF tenant in 10249 Church Ranch Way and create a single tenant NNN building.

About CW Investment Management

Our team of commercial real estate experts utilize decades of experience to generate high returns on investments. With integrity and attention to detail, we build real value and relationships.

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