5305 Sterling Drive, Boulder, CO

Property Type Office - General Office
Property Size 27,381 SF
Lot Size 1.28 Acre
Parking Spaces Avail. 82
Parking Ratio 3.00/ 1,000 SF
Property Tenancy Vacant
Building Class C
Year Built 1996

Location

Map
Street

City Boulder, CO
Neighborhood Cottonwood Lake
Zip Code 80301
Market Denver

Contacts

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Owner

True Owner
Registered Owner

Brokers

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Documents

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Sales

Purchase Date 22 Mar, 2021
Purchase Price
Arm's Length True
Buyer Name

Market Trends

Average Actual Rents in Boulder

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Boulder Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $31.38
2020 Office Vacancy Rate 12.22%
2020 Office Completions (SF) 25,146

Boulder Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

2020 Avg. Price per SF $218.91
Y-o-Y Avg. PpSF Change -15.05%
2020 Office Sales Volume $178M
2020 Number of Transactions 7

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Tax

Property Tax in 2020 $107,939
Market Value* $4,276,000
Assessed Value $4,276,000

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 5305 Sterling Drive?

5305 Sterling Drive totals 27,381 square feet.

When was this property built?

5305 Sterling Drive was built in 1996.

When was 5305 Sterling Drive last sold?

5305 Sterling Drive was last sold on 22 Mar, 2021.

What is the property tax for 5305 Sterling Drive?

The property tax for 5305 Sterling Drive in 2020 was $107,939.

What is the market value for 5305 Sterling Drive?

The market value* for 5305 Sterling Drive in 2020 was $4,276,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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5305 Sterling Drive, Boulder, CO 80301 - Office Space

5305 Sterling Drive is located at 5305 Sterling Drive in the Cottonwood Lake neighborhood, CO, Boulder, 80301. The Class C Office building was completed in 1996 and features a total of 27,381 SF.

There are 44 office spaces for lease in the Cottonwood Lake neighborhood, totaling 329,444 SF of available office space. The office space availability for the 80301 zip code is 1,277,659 SF, in 183 office spaces. The average asking office rent per SF in Cottonwood Lake is $21.83/SF/YR. For Class B office buildings the average office rate is $21.1/SF/YR.

In Cottonwood Lake, there are 5 class C office buildings. In Cottonwood Lake, there are a total of 2 LEED certified office buildings. In 1996, the same year 5305 Sterling Drive was built, 34 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Boulder, featuring 480,769 square feet of commercial space. At zip code level, there are 96 commercial properties, of which 51 are office buildings over 50,000 square feet.

5305 Sterling Drive