For Sale
$2,100,000

5730 Otero AveCentennial, CO 80112

Centennial, CO Shopping Center - Value Add

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional value-add opportunity presents a 11,004 square foot shopping center in Centennial, Colorado's thriving Foxridge Plaza. The property, built in 1985, consists of a single building situated on a 27,190 square foot lot and features eight units, currently 65% occupied. Five retail spaces and one office space are currently leased to a diverse mix of established businesses including Inle Massage, Denver Doll Emporium, Kumon School, Colorado School of Acting, Brixton Barbers, and State Farm. An additional 3,844 square feet of office space is available for lease, presenting a significant opportunity for increased revenue. The property boasts 37 parking spaces, including covered parking, and benefits from a prime location with easy access from Holly Street and County Line Road. The existing Modified lease structure offers the potential for significant cash flow improvement through a transition to NNN leases. Prominent building and monument signage, along with the synergistic benefits of being located within a King Soopers anchored retail center, further enhance the property's appeal. This investment presents a compelling opportunity for both value-add investors seeking to increase revenue and property value, and owner-users looking to occupy available space while generating income from existing tenants. The asking price is $2,100,000, translating to $190.84 per square foot.

Highlights

  • 11,004 SF shopping center in Centennial, CO's Foxridge Plaza.
  • Single building on a 27,190 SF lot, built in 1985.
  • Eight units, 65% occupied, with a mix of retail and office tenants.
  • 3,844 SF of office space available for lease.
  • 37 parking spaces, including covered parking, with excellent access from Holly Street and County Line Road.
  • Modified leases offer potential for significant cash flow improvement.

Property Details for 5730 Otero Ave

Property type
Lifestyle centers, Power centers
Square Feet
11,004 SF
Year Built
1985
Buildings
1
Units
8

Location Insight

City
Centennial
County
Arapahoe
State
Colorado
Latitude
39.568282139422
Longitude
-104.9216557971
5730 Otero Ave, Centennial, Colorado

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5730 Otero Ave
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