LAKEWOOD, CO—Marcus & Millichap has completed the sale of the 115,650-square-foot Western Area Power Administration (WAPA) headquarters building here. The $20.25 million sale price equates to $175 per square foot.

Tammy Saia, vice president investments in Marcus & Millichap's Chicago Oak Brook office, represented the seller, a private investor. The buyer is Easterly Government Properties Inc., Washinton DC. The broker of record in Colorado for Marcus & Millichap is Richard Bird, vice president and regional manager of the firm's Denver office.

“Occupying an entire city block, the building expresses the technical requirements of the tenant agency and reflects its public image,” said Saia. “WAPA officials were actively involved in the planning and procurement of the space for more than seven years. The property is leased to the General Services Administration on behalf of the Department of Energy until 2029.”

Built in 1999 on 5.7 acres and 100% occupied by WAPA, the building is located at 12155 West Alameda Parkway in Lakewood's Union Square office area. The 115,650-square-foot facility features a gently curving footprint that follows the shape of the property and provides for interesting interior spaces. The three-story structure contains some of the most advanced operating systems available in the market and many nonstandard technical components required by the government.

Marcus & Millichap is a leading commercial real estate investment services firm with offices throughout the United States and Canada.