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Sheridan Professional Building 5005 W 81st Pl 19,200 SF 100% Leased Office Building Westminster, CO 80031 $2,900,000 ($151.04/SF)
INVESTMENT HIGHLIGHTS
- AT&T Rooftop Antenna on Long Term Lease with Annual Escalations
- Coveted Executive Office Suites
- Annual Rent Increases + Expense Reimbursements
- Consistently 100% Leased
- Ideal Leases and Rollover Schedule
- Wonderfully Maintained Building with Low Surrounding Competition
EXECUTIVE SUMMARY
This 4 story, updated suburban office with coveted cell tower income, boasts a 100% occupancy rate, which allows the new owner to seamlessly step in and generate immediate cashflow. Notably, AT&T has a long-term lease at the property, extending until 2039, with current rent set at $3,474 per month, increasing by 3% annually. There are very little capital expenditures needed or expected in the foreseeable future due to the impeccable maintenance of the building since the current ownership took over in 2017. As part of Denver’s exploding Northwest Corridor, this asset is poised to make a stable and productive addition to an Investor’s portfolio.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
19,200 SF
Building Class
B
Year Built
1984
Price
$2,900,000
Price Per SF
$151.04
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
4,800 SF
Building FAR
0.64
Lot Size
0.69 AC
Zoning
R-3, Westminster
Parking
54 Spaces (2.81 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Advantage Environmental Consultants, LLC
- Administrative and Support Services
- -
- $14.52
- Full Service
- Aug 2026
-
- Finance and Insurance
- -
- -
- -
- -
The American Family Enterprise is a family of companies dedicated to delivering unparalleled service and exceptional protection to their customers. Their mission is to make a meaningful difference in their communities, their environment, and for their people as proactive protectors of what matters most.
- Body & Brain Yoga and Health Center, Inc
- Arts, Entertainment, and Recreation
- -
- $12.46
- -
- Feb 2022
- Danny Elliot LLC
- Services
- -
- $14.00
- Full Service
- May 2025
- Ignite Counseling LLC
- Professional, Scientific, and Technical Services
- -
- -
- -
- -
- Klarisana
- Health Care and Social Assistance
- -
- $12.63
- Full Service
- Aug 2023
- Manny J. Cereceres
- -
- -
- -
- -
- -
- Souls Dogs
- Retailer
- -
- -
- -
- -
- Top Knot Floors, LLC
- Retailer
- -
- $11.29
- Full Service
- Feb 2022
The Westminster Education Association (WEA) represents the licensed and Educational Support Professionals (ESP) staff working in Adams County School District 50. We hope you find our page interesting and useful. WEA is affiliated with Colorado Education Association (CEA) and the National Education Association (NEA).
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Advantage Environmental Consultants, LLC | Administrative and Support Services | - | $14.52 | Full Service | Aug 2026 | |
|
|
Finance and Insurance | - | - | - | - | |
| Body & Brain Yoga and Health Center, Inc | Arts, Entertainment, and Recreation | - | $12.46 | - | Feb 2022 | |
| Danny Elliot LLC | Services | - | $14.00 | Full Service | May 2025 | |
| Ignite Counseling LLC | Professional, Scientific, and Technical Services | - | - | - | - | |
| Klarisana | Health Care and Social Assistance | - | $12.63 | Full Service | Aug 2023 | |
| Manny J. Cereceres | - | - | - | - | - | |
| Souls Dogs | Retailer | - | - | - | - | |
| Top Knot Floors, LLC | Retailer | - | $11.29 | Full Service | Feb 2022 | |
| Westminster Education Association Inc | Services | - | - | - | Feb 2020 |
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PROPERTY TAXES
| Parcel Number | 1719-30-3-10-004 | Improvements Assessment | $359,620 |
| Land Assessment | $40,580 | Total Assessment | $400,200 |
PROPERTY TAXES
Parcel Number
1719-30-3-10-004
Land Assessment
$40,580
Improvements Assessment
$359,620
Total Assessment
$400,200
CONTACTS
-
Keith Lenz -
Dallas Sandberg -
Corey Sandberg -
Morgan Wheeler -
Pinnacle Real Estate Advisors
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Sheridan Professional Building | 5005 W 81st Pl
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