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9/08/22
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Denver-based Flywheel Acquisitions LLC paid $14.7 mil for a 63.3k sf ($232/sf) office building on nearly 2.3 acres in Denver. Located at 4100 E Arkansas, the three-story building is currently fully leased to a single tenant.
4100 E Arkansas is located near the intersection of Interstate 25 and Colorado Blvd. Its infill location is equidistant to attractive areas including Cherry Creek, Downtown Denver and the Denver Tech Center. The property is also surrounded by numerous walkable restaurant and retail amenities, and there is a fitness center located within the building. The location is also close to bus transit and Light Rail.
Cushman & Wakefield’s Aaron Johnson, Jon Hendrickson and Mitch Veremeychik represented the seller, 4100 Investors LLC.
“This infill property in central Denver provides an investor in-place cash flow at a significant discount to replacement cost with numerous avenues for future upside, including the unique opportunity for future redevelopment,” said Johnson. “The property is strategically located near one of the busiest intersections in Colorado and is also walkable to a variety of desired amenities as well as transportation options. It is also surrounded by premier residential neighborhoods in Denver.”
Johnson noted, “…a reputable Denver-based developer is in the process of redeveloping the former 13.2-acre CDOT site across the street to the north. Zoning on that site allows for multi-family, retail and commercial uses improving the overall area.”
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