Updated Mar 5, 2026
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
About this deal
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.
On the Map
Life Sciences
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Players
Boulder Life Sciences Market Snapshot
Boundary boundary · Life Sciences · Lease transactions
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Deal FAQ
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