Property Location: 10004 Park Meadows Drive, Lone Tree, “Park Meadows Corporate Center I”
Property Description: 60,144-sf, three-story office building, YOC 1999
Land Size: 5.003 acres
Sales Price: $10M, or $166.27
Reception No.: 2019003654
Closing Date: 1/22
Grantor: LRS Bay Road Investment Group LLC
Grantee: Bailey Co LLLP, 601 Corporate Circle, Golden 80401, Attn: Robert T. Williams Jr.
Financing: $10M payable to UMB Bank, N.A., due 2/1/2029
Comments: Sold by CBRE, Lease rate is $27.50 per square foot, full service. Anchor tenant is University of Phoenix. The property was listed by Jeff Wood and Monica Wiley of CBRE.
Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.