Corporate Center at Academy Park, an office complex in Lakewood, consists of three largely identical four-story buildings. (Google Maps)
A vacant three-building office complex in Lakewood is scheduled to hit the auction block next month.
The auction for the Corporate Center at Academy Park complex, which has 213,000 square feet of office space in total, is scheduled to begin Oct. 21 and end two days later, according to auction website Ten-X.
The buildings, at 7201, 7301, and 7401 W. Mansfield Ave. were built in 1980 and sit on nearly 15 acres, according to the auction site. The four-story structures are each about 71,000 square feet and largely identical.
The property used to be fully occupied by the federal government, per the auction site.
The last arms-length sale of the property took place in 2002, when it fetched $28.75 million, public records show. Corporate Center is owned by Office Properties Income Trust, a real estate investment trust managed by Massachusetts-based RMR Group, according to websites for the trust and company.
The trust also owns and is looking to sell the 167,000-square-foot office building a 15-minute drive away at 12795 W. Alameda Parkway in Lakewood. That building will be vacant when a lease by the National Park Service expires at the end of this month.
Auctions are an alternative to the traditional method of listing a property for sale. They generally have an unadvertised reserve price that must be met for a sale to occur.
Other structures that have hit the auction block in recent years are downtown’s Denver Club building and the vacant Quebec Court II building in Greenwood Village. Both properties later sold, although neither buyer was technically procured through the auction.
The LoDo building that previously housed the nightclub Beta, as well as a development site in Denver’s Arapahoe Square, are also slated to go to auction in the coming weeks, per Ten-X.
Corporate Center at Academy Park, an office complex in Lakewood, consists of three largely identical four-story buildings. (Google Maps)
A vacant three-building office complex in Lakewood is scheduled to hit the auction block next month.
The auction for the Corporate Center at Academy Park complex, which has 213,000 square feet of office space in total, is scheduled to begin Oct. 21 and end two days later, according to auction website Ten-X.
The buildings, at 7201, 7301, and 7401 W. Mansfield Ave. were built in 1980 and sit on nearly 15 acres, according to the auction site. The four-story structures are each about 71,000 square feet and largely identical.
The property used to be fully occupied by the federal government, per the auction site.
The last arms-length sale of the property took place in 2002, when it fetched $28.75 million, public records show. Corporate Center is owned by Office Properties Income Trust, a real estate investment trust managed by Massachusetts-based RMR Group, according to websites for the trust and company.
The trust also owns and is looking to sell the 167,000-square-foot office building a 15-minute drive away at 12795 W. Alameda Parkway in Lakewood. That building will be vacant when a lease by the National Park Service expires at the end of this month.
Auctions are an alternative to the traditional method of listing a property for sale. They generally have an unadvertised reserve price that must be met for a sale to occur.
Other structures that have hit the auction block in recent years are downtown’s Denver Club building and the vacant Quebec Court II building in Greenwood Village. Both properties later sold, although neither buyer was technically procured through the auction.
The LoDo building that previously housed the nightclub Beta, as well as a development site in Denver’s Arapahoe Square, are also slated to go to auction in the coming weeks, per Ten-X.
