(SEPTEMBER 23, 2021 – DENVER) – Serac Capital Partners, LLC, a Houston based private equity firm, announced that it acquired Gateway V, an office property near Denver International Airport. The property has one single-story office building that sits on 6.1 acres, totals 62,972 square feet, and is 100% leased. Serac Capital Partners purchased the asset on Denver’s east side for $10,700,000.

“Denver is a great city in which to do business and we are excited to once again own in this growing and dynamic metro” said Serac Capital Partners CEO Wm. Roger Gregory. “2% YOY employment growth and positive net migration will continue to drive Denver’s expansion. From Colorado Springs to Ft. Collins and west on I-70, we believe there is significant opportunity in the Denver market.”

The Gateway V building is prominently positioned within Gateway Park, a 100% occupied micro-market totaling over 600,000 square feet of office space. Tenants are attracted to the property’s proximity to the airport (12 miles), Buckley Airforce Base (5 miles), easy access from multiple major arteries, and safe environment. Gateway is surrounded by a growing number of rooftops, like Green Valley Ranch which is approved to build 12,300 SFRs. 14,000 new SFRs have been added in a five-mile radius over the past 10 years. Gateway V is situated within an 8-minute drive time to 155 restaurants and 30 hotels.

Serac Capital Partners VP of Investments Ridley Goodpasture stated that “the asset’s unique location combined with its solid tenancy and the extraordinary growth in the area are a perfect formula for investment success.”

Woodforest National Bank provided financing for the newly acquired office building. Gateway V is the second property that Jason Lively and his team at Woodforest have financed for Serac.

CBRE’s Brian Hutt and Blake Holcomb will lease Gateway V. 

Transwestern’s Karla D. Flowers and Cheryl Schwerin will provide property management services.

Jim Brady, Patrick Devereaux, and Campbell Davis of CBRE Capital Markets represented the seller in the transaction. CBRE’s First Vice President Jim Brady stated that “historically Gateway V has operated at 100% occupancy, serving a much-needed single-story office niche in Denver’s Gateway Park. The asset has fantastic access to Denver International Airport, Buckley Air Force Base, the RTD light rail system, and numerous hotels and restaurants.”