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5505 Central Avenue

BioMed Realty Leases 64000 Square Feet To CordenPharma Colorado At 5505 Central Avenue
LEASEDLife Sciences

BioMed Realty Leases 64000 Square Feet To CordenPharma Colorado At 5505 Central Avenue

5505 Central Avenue

Building Size

64,000 SF

Asset Type

Life Sciences

Closing

Mar 5, 2026

AI

The property involved in this transaction is a life sciences asset located at 5505 Central Avenue, Boulder, CO. The facility measures 64,000 square feet and is certified as a LEED Gold facility.

Summary of transation details:

  • Property Type: Life Sciences
  • Transaction Amount: Not provided
  • Lease Term: 15 years
  • Landlord: BioMed Realty
  • Tenant: CordenPharma Colorado

BioMed Realty has entered into a long-term agreement with CordenPharma Colorado, signing a 15-year lease for the entire 64,000-square-foot building, which was recently completed and certified with LEED Gold status.

Players

BR
BioMed RealtyLandlord

Boulder Life Sciences Market Snapshot

Boundary boundary · Life Sciences · Lease transactions

Loading comparables…

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