Colorado Real Estate Journal - August 5, 2015
A 1980s office park whose occupancy climbed from 66 to 99 percent over the last five years sold for $6.6 million, or $73 per square foot. Dayton Office Park, a 90,300- sf multitenant property at 6535, 6565 and 6595 S. Dayton St. in Greenwood Village, sold to M. Karen Christensen. The seller, Dayton Office Park LLC, had improved the property and its occupancy. “The seller purchased the property in 2010 and completed numerous capital improvements and common-area upgrades to all three buildings while substantially increasing the occupancy to 99 percent at the time of closing, which was attractive to the buyers and made the property a nice turnkey investment for them,” said Brandon Gouker, senior adviser at Pinnacle Real Estate Advisors. Gouker represented the seller. Fletcher Neeley of Pinnacle Asset Real Estate represented the buyer. Dayton Office Park’s largest tenants include Intertel Inc., which occupies 6,261 sf; New Wave Environmental Products Inc., a 5,924-sf tenant; and Pactimo LLC, which leases 5,422 sf. John Propp Commercial Group, which also is a tenant, handled leasing of the buildings for the seller. Dayton Office Park was built from 1983 to 1985.