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31639515
31639516

13275 E Fremont Pl, Centennial, CO 80112 For Sale

GK
CO FA.001312096
Unique Properties, Inc
ED
CO FA100069715
Unique Properties, Inc
Listed by Unique Properties, Inc
$3,145,000
97 days on market
Updated 97 days ago

Cobblestone Plaza

Details
Property Type Office
Sub Type Traditional Office
Square Footage 35,514
Cap Rate 8.01%
NOI $251,760
Tenancy Multi
Price per SqFt $89
Year Built 1983
Year Renovated 2019
Buildings 1
Stories 3
Acreage 1.380

8.01% CAP | MULTI TENANT LEASED INVESTMENT 35,514 SF, 3 STORY OFFICE ON 1.38 AC

Marketing description

Unique Properties, Inc. is pleased to present the opportunity to acquire the fee simple interest in Cobblestone Plaza – 13275 E Fremont Pl. Centennial, CO 80112. The offering is a recently renovated (2019) 35,514 RSF multi-tenant office building. This 3-story building sits on an expansive 1.4 AC site in the Dove Valley neighborhood of Centennial – one of Denver-Metros most sought-after suburban office corridors. With neighboring institutions such as The Denver Broncos Headquarters & Training Facility, currently under renovation, the Arapahoe County Courthouse & Governmental Offices, Centennial Airport, Comcast and CommonSpirit Health to name a few. This property is well positioned for continued growth and long-term success. Cobblestone Plaza is currently over 84% occupied by a multitude of tenants ranging from Insurance Providers to Technology Companies, Investment Companies, and more. These tenants have an array of suite sizes and lease terms, creating a diversified investment able to capitalize on changing market dynamics. The average suite size is a little over 1,690 SF which creates a nimble, easier to fill unit size

Many of the suites have been upgraded with new entrances, flooring, cabinets, appliances, and sealed concrete flooring. The plaza provides both covered and uncovered parking creating an additional income stream for those snowy Colorado winters.

Many of the country’s top economic outlooks show suburban office recovering far quicker than downtowns – providing an investor the ideal opportunity to enter this ever-expanding office submarket that has stood the test of time.

Investment highlights

  • Excellent mix of suite sizes
  • Large window lines, bright open feel
  • Great access off I-25 and Arapahoe Road - easy access in all 4 directions via I-25, I-225 and C-470
  • Surrounded by dozens of restaurants, gyms, parks/ open space
  • Covered parking (income generating)
  • Balconies on 2nd and 3rd floor units
  • As little as 1,200 up to 5,400 sf available for an Owner/user

Listing Contacts

GK
CO FA.001312096
Unique Properties, Inc
ED
CO FA100069715
Unique Properties, Inc
Listed by Unique Properties, Inc

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$251,760.00
$20,980.00/mo

Valuation Metrics

0
DSCR
8.01%
Cap Rate
8.01%
ROI

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