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Bldg 5 4300 Kittredge St 62,972 SF 100% Leased Office Building Denver, CO 80239 $27,828,792 CAD ($441.92 CAD/SF) 7.25% Cap Rate
Investment Highlights
- Anchored by Concorde Career Colleges (12-Yr Term), guaranteed by Universal Technical Institute (NYSE: UTI), approx. $835 million in annual revenue
- Consistent enrollment growth across Concorde's programs, with nursing and allied health disciplines experiencing sustained demand and waitlists
- Enhanced through approximately $8.0 million of recent tenant-funded improvements, delivering modernized interiors and exterior upgrades
- Highly specialized healthcare training campus featuring clinical labs, simulation environments, and classrooms that are difficult to replicate
- A favorable lease structure with strong expense recoveries results in a highly efficient income stream minimizing landlord expense exposure
- Offering 11+ years of remaining lease term, with fixed annual rent escalations that provide predictable cash flow
Executive Summary
Extensively renovated as of June 2026, Gateway V is a ±62,972-square-foot institutional-quality asset situated on a ±6.06-acre site. The property is fully leased to Concorde Career Colleges and FedEx Logistics, with Concorde occupying approximately 96% of the building. Demonstrating its long-term commitment to the campus, Concorde recently completed a more than $10.7 million capital investment, including comprehensive interior and exterior upgrades, modernization of building systems, and in addition to these capital improvements, the installation of state-of-the-art, industry-specific trade fixtures and equipment designed to support hands-on healthcare training. Concorde funded $8.0 million of the improvement program, with the landlord contributing the remaining balance.
Property Facts
Amenities
- Signage
- Reception
- Monument Signage
- Outdoor Seating
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Educational Services
- -
- -
- Triple Net
- Dec 2037
Concorde Career Colleges, Inc., exploite 17 campus dans huit États sous les marques Concorde Career College et Concorde Career Institute, dont l'objectif est de préparer la prochaine génération de professionnels de la santé et des soins dentaires américains à des carrières enrichissantes. Le modèle de formation mixte Concorde combine des cours en ligne avec des cours en laboratoire en personne et des expériences cliniques. Les 25 programmes académiques axés sur les étudiants et le soutien personnalisé de Concorde préparent les diplômés à des carrières très demandées dans les domaines des soins infirmiers, dentaires, respiratoires, diagnostiques et autres rôles en soins de santé. Le Concorde est accrédité par la Commission d'accréditation des écoles et collèges de carrière (ACCSC) et le Council on Occupational Education (COE).
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- Transportation and Warehousing
- -
- -
- Triple Net
- Mar 2028
La stratégie de FedEx visant à concurrencer collectivement, à travailler en collaboration et à innover numériquement offre un avantage concurrentiel à leur entreprise. Le vaste portefeuille de services de FedEx leur permet de répondre aux besoins de leurs clients, dont la plupart utilisent les services de deux ou plusieurs de leurs sociétés d'exploitation. FedEx a connu une croissance fulgurante depuis sa première nuit d'exploitation en 1973. Aujourd'hui, FedEx dessert de nombreux pays et territoires et continue d'offrir de nouveaux produits et services partout dans le monde. FedEx Express, FedEx Ground, FedEx Freight et FedEx Services affichent des revenus sectoriels. Les autres et éliminations comprennent les revenus provenant de FedEx Logistics, de FedEx Office et de FedEx Dataworks (y compris ShopRunner, Inc.).
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Educational Services | - | - | Triple Net | Dec 2037 | |
|
|
Transportation and Warehousing | - | - | Triple Net | Mar 2028 |
Property Taxes
| Parcel Number | 0204-01-003 | Improvements Assessment | $1,354,273 CAD |
| Land Assessment | $1,354,273 CAD | Total Assessment | $3,192,743 CAD |
Property Taxes
Presented by
Bldg 5 | 4300 Kittredge St
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