Meridian Corporate Center I & II
Englewood, CO
The Offering
Cushman & Wakefield, as exclusive advisor for the Seller, is pleased to present the opportunity to acquire the fee simple interest in Meridian Corporate Center I & II (“Property” or “MCC”), a high-quality, two-building, multi-tenant office portfolio totaling 239,351 square feet situated on approximately 15 acres. The Property is extremely well located within Denver’s premier southeast suburban submarket fronting Interstate 25 within the established Meridian International Business Park. Constructed in 2000 & 2001 and renovated in 2006, Meridian Corporate Center I & II caters to a wide tenant base of small to large tenants with an efficient and flexible floor plate. Currently 55% leased to 11 tenants, MCC represents an outstanding value add opportunity to an investor proven by strong historical occupancy averaging over 95% leased prior to TIC/Kiewit Corporation vacating (95,000 SF in January, 2020) to consolidate southeast Denver operations at their recently developed Regional HQ in Lone Tree.
Meridian Corporate Center I & II is exceptionally located near the intersection of Interstate 25 & Lincoln Avenue and E-470 & Jamaica Street providing a quick connection to the extensive executive and employee housing base on Denver Metro’s south side. Additionally, the Lincoln Station Light Rail Station is located northwest of the Property. The average household income of $166,135 within a 3-mile radius is well above the Denver metro average of $71,790. Meridian International Business Park is one of southeast suburban’s leading business parks providing high visibility and superior accessibility with an abundance of nearby amenities including Meridian Golf Club, continued multi-family development and restaurant, retail and hotel options. Park Meadows Mall, with over 1.6 million square feet of retail and restaurant space, is located 2.5 miles northwest of the Property and Centennial Airport, one of the nation’s busiest private airports, is located less than ten minutes to the northeast.
Investment Highlights
Location
