- For REITs/Funds
Central Business District Denver, CODemand 200K sfSupply 163K sfRecommendation High-end Modern FlexSunnyside / Highlands Denver, CODemand 80K sfSupply 63K sfRecommendation Executive SuitesCommerce City Denver, CODemand 1.5K sfSupply 0K sfRecommendation Do not Invest
DenSwap's Flex Intelligence Platform translates our proprietary data and real-world coworking experience into insights and actionable strategies that help our clients realize the full potential of their commercial real estate. Stay up-to-date with client demand and capture the upside of flex space throughout your CRE portfolio, then follow up with the go-to-market strategy to win & retain the right tenants.
- For Building Owners
Are you considering transforming your commercial property into a flexible coworking space? Our feasibility reports can provide you with the insight you need to make a confident investment decision. Our team of experts utilizes market data APIs, proprietary information on coworking spaces, and unique consulting expertise to assess whether a given building is suited for a successful flex/coworking business.
- For Flex Operators
Are you considering opening a new coworking space? DenSwap's Demand Analysis Report is a quick validation tool so you can move forward or back off on potential plans. You give us a zip code, and we'll outline the general demographics of the area as they relate to coworking. You'll get a good estimate of how many potential customers are in your area, how many square feet the region can support, and what type of buildout and business model we'd recommend.
- For Building Owners
Business & Space Overview
Two executive suite locations within a 15-minute drive from each other with a combined 28,000 square feet. feature 86 private offices, 6 conference rooms, and two large team meeting rooms to seat 30. One location was designed by a former Regus architect and furnished to their standards. Both are efficient, fully built out and furnished, and generating a steady around $92,000 a year in profit at 60% occupancy. At 85% occupancy it’s projected to make over $330,000 a year.
The locations have below market, long-term leases of 10+ years remaining.
Turn key in two great locations
The buildings are located on busy roads directly off Interstate highways - I-280 and I-80. They both have great exposure and sign visibility.
Experienced flex space owner needed
Both locations were built out by the building owner as a means of obtaining financing for other projects. They operate with little marketing and rely on sign exposure and web traffic for leads. An interested and experienced owner could make these locations very profitable, especially given the lease terms.
Marketing
They do nothing other than maintain a website and occasionally run some Facebook ads.
Financials
Business has been steadily increasing since Covid largely ended. The locations are private office intensive and have not targeted co-working or team spaces which are an untapped market. The two large training rooms and many conference rooms have not been marketed either.
Opportunities for Growth
Due to proximity (1.5 miles apart) one Community Manager can manage both centers. An operator who knows marketing should be able to double revenue. The locations are in one of the top 10 largest office markets in the country, with lots of tech, financial, and pharmaceutical companies located nearby.
About the Seller
The sellers are real estate developers who built out the locations and got them started. They have sold the buildings and are ready to move to other opportunities.
From the Seller:
"These centers are fully fit out and furnished. We have other investments and opportunities and are ready to move on".
Notes from DenSwap:
"This space has a strong foundation in an area that is estimated to support over 130,000 SF of coworking. It needs a new owner to focus on marketing to drive the more than 2 leads a month it gets right now. Every dollar brought in is profit so the hard work is done."
