For Sale
$4,990,000

7853 Arapahoe CtCentennial, CO 80112

Centennial, CO: High-Occupancy Office Complex

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents two three-story, Class C office buildings totaling 63,180 square feet, situated on a 2.58-acre lot in Centennial, Colorado. Located on the Arapahoe Corridor, just south of the Denver Tech Center, this stabilized multi-tenant property boasts a 95% occupancy rate and a strong NOI of $421,040, yielding an 8.44% cap rate. The asking price is $4,990,000 ($78.98/sq ft). Built in 1981, these buildings feature excellent visibility and signage on Arapahoe Road, ample parking, and easy access to I-25. The property benefits from a prime location near numerous amenities, including shopping centers, restaurants, and residential areas, offering tenants convenient access to the Denver Tech Center, Cherry Creek North, and Downtown Denver. The B-1 zoning allows for flexibility, and the diverse tenant mix with smaller office suites ensures consistent cash flow and minimal vacancy downtime. This value-add opportunity presents significant potential for rent growth and management improvements, making it an attractive investment in a thriving submarket. The property includes a gross lease type and is currently operating at a high occupancy rate.

Highlights

  • Two 31,590 SF fully stabilized buildings offering strong cash flow and rental upside.
  • Diverse tenant mix with smaller suites ensuring quick lease-ups and minimal vacancy.
  • Exceptional location in a high-demand submarket with surrounding retail, residential, and new Class A multifamily development.
  • Excellent demographics and convenient access to DTC, Cherry Creek, Downtown Denver, and DIA.

Property Details for 7853 Arapahoe Ct

Property type
Office properties
Square Feet
63,180 SF
Class
C
Year Built
1981
Buildings
2
Stories
3
Lot Size (sq. ft)
112,385 SF

Location Insight

City
Centennial
County
Arapahoe
State
Colorado
Latitude
39.594184699818
Longitude
-104.89659909531
7853 Arapahoe Ct, Centennial, Colorado

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7853 Arapahoe Ct
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