Control Tower

The Control Tower, located in Denver, Colorado, is approximately 25,242 square feet of retail space. The three tenant building is situated on approximately 2.02 Acres. The improvements were constructed in 1965, originally being the Air Traffic Control Tower for Stapleton International Airport prior to the construction of Denver’s current airport Denver International Airport (DIA). The Control Tower underwent major renovations in 2017, transforming this piece of aviation history into a popular, destination, entertainment establishment.

The property is 100% leased by three tenants featuring Over Flyte Denver, one of Denver’s hottest indoor entertainment hubs. The average in place rents are $26.29 NNN compared to $30-$33.50 NNN in the rest of the market. The Control Tower is bringing in a NOI of just over $600,000. The property includes the historic 164 foot tall air traffic control landmark, which can be seen for miles from every direction. Also acting as a major tourist attraction as paid elevator rides are available which allows phenomenal views of Denver. The Control Tower provides the investor a quality, stabilized asset. This property is a once in a lifetime opportunity to own a piece of Colorado history in the heart of Denver!