The four-story Quebec Court II office building in Greenwood Village is slated to be auctioned off. (Maia Luem)
An office building in the Denver Tech Center that no one works from is hitting the auction block.
The auction for the four-story, 164,000-square-foot Quebec Court II building at 5800 S. Quebec St. in Greenwood Village is scheduled to begin online May 1 and end two days later, according to auction website Ten-X.
The structure was built in 1980 and renovated in 1998, according to the auction site. It sits on a 6.24-acre lot and is vacant.
“Exceptional opportunity to acquire a valuable office asset with significant upside through aggressive leasing strategies,” the auction site says.
The minimum bid is $4 million, according to Ten-X. CBRE is marketing the property.
The property is owned by The GC Net Lease (GV Quebec Court) Investors LLC, which paid $27 million for it in January 2013, according to public records. California-based Griffin Capital said in a news release that month that its Griffin Capital Net Lease REIT Inc. had acquired the property.
At the time of the purchase, Quebec Court II was 100 percent leased to an affiliate of the telecommunications firm Comcast, which had about nine years left on its lease, according to Griffin.
Comcast’s lease for the building expired in November 2021, Comcast spokeswoman Leslie Oliver said. Operations in the building were moved to a company-owned building at 183 Inverness Drive West in Englewood.
Griffin’s REIT also owns the three-story, 131,000-square-foot office building at 6060 S. Willow Drive, about a mile away from the former Comcast building. It paid $16.1 million for that one in June 2012, records show.
The planned auction of Quebec Court II appears to be the largest since one was held last year for the 24-story Denver Club, or DC, building at 518 17th St.
Glendale-based Westside Investment Partners ultimately paid $14.5 million in November for the building, although the deal was made after the auction because none of the bids during it met the reserve price.
The four-story Quebec Court II office building in Greenwood Village is slated to be auctioned off. (Maia Luem)
An office building in the Denver Tech Center that no one works from is hitting the auction block.
The auction for the four-story, 164,000-square-foot Quebec Court II building at 5800 S. Quebec St. in Greenwood Village is scheduled to begin online May 1 and end two days later, according to auction website Ten-X.
The structure was built in 1980 and renovated in 1998, according to the auction site. It sits on a 6.24-acre lot and is vacant.
“Exceptional opportunity to acquire a valuable office asset with significant upside through aggressive leasing strategies,” the auction site says.
The minimum bid is $4 million, according to Ten-X. CBRE is marketing the property.
The property is owned by The GC Net Lease (GV Quebec Court) Investors LLC, which paid $27 million for it in January 2013, according to public records. California-based Griffin Capital said in a news release that month that its Griffin Capital Net Lease REIT Inc. had acquired the property.
At the time of the purchase, Quebec Court II was 100 percent leased to an affiliate of the telecommunications firm Comcast, which had about nine years left on its lease, according to Griffin.
Comcast’s lease for the building expired in November 2021, Comcast spokeswoman Leslie Oliver said. Operations in the building were moved to a company-owned building at 183 Inverness Drive West in Englewood.
Griffin’s REIT also owns the three-story, 131,000-square-foot office building at 6060 S. Willow Drive, about a mile away from the former Comcast building. It paid $16.1 million for that one in June 2012, records show.
The planned auction of Quebec Court II appears to be the largest since one was held last year for the 24-story Denver Club, or DC, building at 518 17th St.
Glendale-based Westside Investment Partners ultimately paid $14.5 million in November for the building, although the deal was made after the auction because none of the bids during it met the reserve price.
