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Office

The Golden Center

1111 Washington Ave, Golden, CO 80401

Listing Price: $6,500,000

Cap Rate
5.32%
Gross SF
15,684
Rentable SF
15,684
Price/Gross SF
$414.44
Lot Size
0.16 acres
Year Built
1983

Investment Overview

The Kramer Group of Marcus & Millichap is pleased to present this exclusive listing of the Golden Center, located at 1111 Washington Ave, Golden, Colorado 80401. The property is a +/- 15,684 square-foot Mixed-Use Office building located in the heart of downtown Golden under the famous, “Welcome to Golden” sign. The trophy asset is 100 percent leased to 13 tenants. The property recently underwent a massive overhaul that saw several improvements, including a complete build-out of the basement level into state of the art tech space, now leased to a national tech firm. The main level had the entry way and rear patio completely refreshed to include the build out of a new restaurant space occupied by a local quick service food tenant. The balance of the building has had the majority of the office spaces refreshed and occupied by various local and national tenants. The city provides free covered public parking directly behind the building in a multi-level parking structure, in addition to the ample street parking along Washington Avenue. Street signage is available for tenants and featured in almost every picture of downtown Golden. Downtown Golden has a vacancy rate of less than one percent, giving the next owner significant leverage in increasing rates and extending terms with an already long term rent roll and sticky tenancy. Golden’s institutional knowledge, culture of innovation and immense talent pool with the Colorado School of Mines and Red Rocks Community College provide ample opportunity for businesses to prosper.

Investment Highlights

  • Complete overhaul of the building and buildout of the basement to add brand new tech space.
  • Revamped rent roll, adding better credit and term, including with a national tech firm, One Stream.
  • Phenomenal downtown Golden location, right under the famous "Welcome to Golden" sign.

Exclusively Listed By

Financing By

Office

The Golden Center

Listing Price: $6,500,000

Cap Rate
5.32%
Gross SF
15,684
Rentable SF
15,684
Price/Gross SF
$414.44
Lot Size
0.16 acres
Year Built
1983

Investment Highlights

  • Complete overhaul of the building and buildout of the basement to add brand new tech space.
  • Revamped rent roll, adding better credit and term, including with a national tech firm, One Stream.
  • Phenomenal downtown Golden location, right under the famous "Welcome to Golden" sign.

Investment Overview

The Kramer Group of Marcus & Millichap is pleased to present this exclusive listing of the Golden Center, located at 1111 Washington Ave, Golden, Colorado 80401. The property is a +/- 15,684 square-foot Mixed-Use Office building located in the heart of downtown Golden under the famous, “Welcome to Golden” sign. The trophy asset is 100 percent leased to 13 tenants. The property recently underwent a massive overhaul that saw several improvements, including a complete build-out of the basement level into state of the art tech space, now leased to a national tech firm. The main level had the entry way and rear patio completely refreshed to include the build out of a new restaurant space occupied by a local quick service food tenant. The balance of the building has had the majority of the office spaces refreshed and occupied by various local and national tenants. The city provides free covered public parking directly behind the building in a multi-level parking structure, in addition to the ample street parking along Washington Avenue. Street signage is available for tenants and featured in almost every picture of downtown Golden. Downtown Golden has a vacancy rate of less than one percent, giving the next owner significant leverage in increasing rates and extending terms with an already long term rent roll and sticky tenancy. Golden’s institutional knowledge, culture of innovation and immense talent pool with the Colorado School of Mines and Red Rocks Community College provide ample opportunity for businesses to prosper.

Exclusively Listed By

Financing By

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