REIT Sale | Vacant Updated Flex | Denver MSA 7475 S Joliet St

This versatile and recently upgraded flex property provides a turnkey office solution with industrial conversion potential and a prime location within the Inverness Business Park at 7475 S Joliet Street in Englewood, Colorado. Comprising 61,436 square feet in a large contiguous block of space with desirable features, this is an ideal opportunity for owners/users looking for flexible space or investors seeking to enter this growing market.

Learn more about 7475 S Joliet Street’s quality features and recent property upgrades that set it apart. Built in 1999 and renovated in 2011, the building is fully sprinklered with a clear height of 14 feet and a 10-foot drop ceiling. Additionally, more than $500,000 in recent capital improvement has been invested to create a more open floor and ceiling plan, lending the space great optionality. LED lighting has been added to approximately 30% of the space and power in the building is well-supported by a 1.25 kVA full-building backup generator. Currently featuring a full office build-out, there is a significant opportunity to convert 50% of the space for industrial use, including drive-in and dock-high loading capabilities. This allows an investor to tap into a well-performing industrial submarket, with vacancy rates of just 6% and annual rent growth of 3.2%.

Commuting to and from 7475 S Joliet Street is a breeze thanks to its location just off Interstate 25 and the 470 Tollway. These vital arteries provide easy connections across the greater metro area and allow employees to reach Downtown Denver in under 30 minutes. The property’s 6.51-acre lot boasts a large parking lot, resurfaced in 2023, that provides covered and surface spaces and a great parking ratio.

7475 S Joliet Street enjoys a prime position within the Inverness Business Park, near large shopping destinations, exceptional recreation opportunities, and vital corporate headquarters. Within 10 minutes of the property, tenants can enjoy upscale shopping at the 185-store Park Meadows Mall, as well as nearby locations for household name retailers, including Walmart Supercenter, Costco, Sprout’s Farmers Market, IKEA, and more. Grabbing lunch or after-work drinks is made convenient by quality dining options, including Maggiano’s Little Italy, Eddie Merlot’s, Yard House, Fogo de Chao, Chick-fil-A, and Torchy’s Tacos. The area is a golf-lovers paradise, with the 18-hole Inverness Golf Course, the Family Sports Golf Course and Driving Range, a Top Golf, and a PGA Tour Superstore all within five minutes of the property.

Thanks to the robust demographic profile within 5 miles of 7475 S Joliet Street, businesses at 7475 S Joliet Street can access a robust pipeline of qualified new talent. The growing population currently exceeds 230,000, with daytime employment of more than 212,000. More than 58% of these residents carry a bachelor’s degree or higher, and more than 91% are currently employed in service-producing industries.

Whether an owner/user or value-add investor, don’t miss this chance to acquire an exceptional flex property with a prime location in the Inverness Business Park at 7475 S Joliet Street.

Tours are by appointment only, please contact the Newmark team today to schedule a tour and learn more about this incredible opportunity.