The Park Center Office located at 8795 Ralston Rd. in Arvada, Colorado, is now for sale with an asking price of $3.4 million. The property includes 25,567 rentable square feet and is classified as a Class B multi-tenant office building.
Situated on 1.37 acres, the two-story property features a strong occupancy rate of 96% and includes a mix of medical and professional office tenants. Recently renovated suites offer modern finishes, enhancing its appeal to potential buyers.
With a cap rate of 8.23% and a pro-forma cap rate of 8.87%, the office building presents a viable investment opportunity. The property also has a total of 86 parking spaces, consisting of 64 surface and 22 covered spots.
Source: Sales Flyer