Listed by Berkshire Hathaway HomeServices Colorado Real Estate
$1,100,000
Ridgeline Executive Offices
Details
Property Type Office
Sub Type Executive Office
Square Footage 5,798
Net Rentable (SqFt) 3,543
Units 12
Cap Rate 5.63%
NOI $61,978
Occupancy 87.2%
Pro-Forma Cap Rate 5.63%
Pro-Forma NOI $61,978
Price per SqFt $190
Broker Co-Op Yes
Class B
Year Built 1983
Buildings 1
Stories 3
Lot Size (SqFt) 2,737
Zoning BP-35
Parking Spaces 7 spaces
Parking per 1,000 SqFt 1.21
Investment Type Stabilized
Ownership LLC
Office | 5.63% CAP | 5,798 SqFt
Marketing description
Premier Luxe Property Group, LLC is please to exclusively offer this Commercial Office Investment Opportunity at 3969 E Arapahoe Rd, Centennial, CO 80122. The office building is 5,798 s.f. on three levels above grade and has a 1,398 s.f. unfinished basement. The building is situated on a 2,737 s.f. lot just one half block south of Arapahoe Rd.
The building is currently owned by Ridgeline Development, LLC. At the present time 10 of the 12 office suites are rented on primarily 1 year leases. The tenants pay gross rents and landlord pays for building expenses including utilities, internet, janitorial, and phone. Potential value add for the property is turning the basement space into storage for rent.
Listing Contacts
Listed by Berkshire Hathaway HomeServices Colorado Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$61,978.00
$5,164.83/mo
Valuation Metrics
0
DSCR
5.63%
Cap Rate
5.63%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
