Flywheel Capital is pleased to announce the acquisition of Park Centre Business Park at 1401 W. 122nd Avenue in Westminster, Colorado. The 73,000 sf property is in an established suburban office / flex business park just northwest of 120th Avenue and I-25. The building is 100% leased to three tenants: Tri-County Health Department (office / medical), Computrol (light manufacturing), and Redline Athletics (youth athletic training facility).
“Although we’ve historically focused efforts on value-add deals, this was a strategic opportunity to acquire a strong, cash-flowing deal with limited competition. We feel that this suburban, single-story, asset leased to diverse tenancy will thrive despite the near-term challenges of COVID and the shifting economic landscape. We look forward to proceeding with similar acquisitions alongside our new Latin American capital partners in the immediate future,” said Sam Makings, Associate Director at Flywheel.