Lone Tree office building sells for $10 million

Douglas County

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.