For Sale
$16,000,000

11551 Arapahoe RdCentennial, CO 80112

High-Cap Rate, Secure Office Space

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 85,935 square foot Class B executive office building in Centennial, Colorado, presents a compelling investment opportunity. Located at 11551 E Arapahoe Rd, this single-tenant, net-lease property boasts a strong 8.51% cap rate and a substantial 7.2 years remaining on the lease, extending to January 31, 2032, with a 5-year option. The property, built in 2000 and renovated in 2021, sits on a 6.75-acre lot and features two stories. Currently 100% occupied since February 1, 2022, by Sierra Space Corporation, a well-funded aerospace and defense company, this property offers significant long-term stability. The tenant's recent lease extension and improvements underscore their commitment to the location. The property's strategic location in the heart of Colorado's rapidly growing aerospace and defense sector, coupled with its high-quality interior and exterior finishes, makes it an attractive option for both tenants and investors. The building's functionality can be further enhanced to meet future market demands. The asking price is $16,000,000, translating to $186.19 per square foot. The property's NOI is $1,362,000. Its proximity to Centennial Airport and ample retail options adds further value. This is a rare opportunity to acquire a secure, high-quality asset with a strong tenant and significant upside potential. The property's APN is 2075-12-4-10-002.

Highlights

  • 85,935 SF Class B office building in Centennial, CO, on a 6.75-acre lot.
  • Net-leased to Sierra Space Corporation, a well-funded aerospace and defense company, with 7.2 years remaining on the lease (through 1/31/2032) plus a 5-year option.
  • Strong tenant with recent lease extension and significant capital improvements.
  • High visibility location on Arapahoe Road, near Centennial Airport and ample retail amenities.
  • $16,000,000 asking price ($186.19/SF), 8.51% cap rate, $1,362,000 NOI.

Property Details for 11551 Arapahoe Rd

Property type
Office properties
Square Feet
85,935 SF
Class
B
Year Built/Renovated
2000/2021
Buildings
1
Stories
2
Lot Size (sq. ft)
294,030 SF

Location Insight

City
Centennial
County
Arapahoe
State
Colorado
Latitude
39.595938667321
Longitude
-104.85394211941
11551 Arapahoe Rd, Centennial, Colorado

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11551 Arapahoe Rd
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