Pyramid Pointe. Image courtesy of Cushman & Wakefield
Certus has purchased Pyramid Pointe, a 120,449-square-foot office building in Englewood, Colo. Graham Street Realty sold the multi-tenant asset for $9.9 million, according to public records. The same sources show that Adams Bank & Trust provided a $7.5 million acquisition loan. Cushman & Wakefield represented the seller.
Pyramid Pointe previously traded back in 2017, when Graham Street acquired it in a portfolio transaction from Westcore Properties, according to CommercialEdge data.
Completed in 1995, the two-story building was renovated in 2016 and 2020. Featuring a fitness center, three passenger elevators, controlled access and some 580 parking spaces, the property was 78 percent leased at the time of sale. Tenants include Envision Mechanical Engineers, Golden Triangle Construction, Lode Data Corp., Eventus Solutions and DaVita.
Located at 9777 Pyramid Court in the Meridian submarket, the office building is near the intersection of Interstate 25 and State Road 470, which provide direct access to downtown Denver. The location is less than 2 miles from a nearly 400,000-square-foot Class A office campus that changed hands this month for more than $205 million.
Cushman & Wakefield’s Executive Director Aaron Johnson and Managing Director Jon Hendrickson worked on behalf of Graham Street.
