Investment Overview

Smith Office Team of Marcus & Millichap is pleased to present Peak Office Building, a 20,890 gross square feet, Class, B, office building located at 32135 Castle Court in Evergreen, Colorado. The beautiful building was constructed by the current owner, Catamount Constructors, in 2000 on a 1.54-acre parcel. The exterior's partial-stone façade and grand entrance complement the building's exclusive mountain setting, while the interior's high-end finishes create a professional office environment. The building is comprised of traditional office space and executive suites. Nine tenants occupy 79% of the building including the anchor, New West Physicians. Their lease doesn't expire till April of 2028, contributing to the building's solid weighted average lease term (WALT) of 3.30 years. There are currently five vacant suites and two month-to-month tenants on the second floor. An investor could immediately add value through lease-up. Or, an owner-user could occupy the building following closing, treat existing rents as additional income, and slowly expand. The building is well-located in Evergreen. It fronts Highway 74 which runs from I-70 all the way to Morrison. I-70 provides easy access to Downtown Denver. Bergen Park, featuring several national and local retailers, is then a mile away. Peak Office Building is a great opportunity for an investor searching for an anchored, beautiful, commercial property in a unique Denver submarket. The building would also be ideal for an owner-user searching for turnkey office space with additional income from neighboring tenants in the Colorado Foothills.