Union Terrace

Lakewood (Denver), CO
Date Acquired: August, 2014
SF: 84,000

Union Terrace is a four-story office building located in Denver’s Union Corridor submarket in the western suburb of Lakewood. The property has excellent views and benefits from being a lower-cost alternative to tenants due to its location just a few blocks from the prime Union Blvd. buildings, but in proximity to all the same amenities. In addition to the strong current yield at the time of acquisition, Presidio Property was attracted to in-place below market rents resulting from many of the leases being negotiated during the economic downturn.