CordenPharma Leases 61,117 SF Life Science Property In Boulder, CO From TriTower Financial
2300 55th Street Boulder, Colorado 80301, USA
Building Size
61,117 SF
Asset Type
Life Sciences
Closing
Jun 22, 2023
AI
A 61,117-square-foot life science property located at 2300 55th Street in Boulder, Colorado has been fully leased by CordenPharma. The property is owned by TriTower Financial, a Boston-based company. The property recently underwent renovations and offers amenities such as a fitness center, courtyard, and 180 parking spaces.
Summary of transaction details:
- Property Type: Life Science
- Transaction Amount: Not specified
- Address: 2300 55th Street, Boulder, CO
- Market: Boulder, CO
- Square Footage: 61,117
- Acres: 2.9
CordenPharma, represented by CBRE, has reached an agreement to lease the property from TriTower Financial. The deal highlights the collaboration between the tenant and landlord, providing a promising opportunity for both parties involved.
Players
Boulder Life Sciences Market Snapshot
Boundary boundary · Life Sciences · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93