Golden Ridge I & II: Fee-Simple Sale on Behalf of Private Family Estate
Flex
/
Details
$17,700,000
Price per ft
2
$
176
Client
The Walters Family
Year
2021
Address
500, 560 Golden Ridge Road
Golden, Colorado 80401
Cap Rate
5.62%
Thevin Campton represented the Seller in this off-market transaction. The project consisted of two single-story flex buildings, totaling 100,800 rentable square feet (RSF) on 9.8 acres. The property was 73% leased at closing, amid an ongoing expansion with a major GSA tenant in the north building.
The Golden Ridge buildings are prominently positioned within the City of Golden in Colorado, a flex/office submarket with 1.8 million square feet of similar product in the area. Tenants are attracted to the property’s proximity to light rail (five minute walk), retail amenities, and mountain access.