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13531 Caley Ave Centennial, CO 80111

110,000 SF Nordstrom-Leased Office

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional Class A office building, totaling 110,000 square feet, presents a compelling value-add investment opportunity. Located in Centennial, Colorado, at 13531 E Caley Ave (APN 2075-24-1-02-001), this single-tenant property boasts a strong lease with Nordstrom, Inc., a highly creditworthy tenant. The current lease, a NNN (Net, Net, Net) agreement, commenced January 15, 2003, and expires January 31, 2028, leaving approximately 3.2 years remaining. The building, constructed in 1985, features three stories and sits on an 8.6-acre lot, providing ample space. With 100% occupancy since its opening, the property generates substantial income. The lease includes a 1% annual rent bump, ensuring consistent income growth. The property offers 400 parking spaces per 1,000 square feet, exceeding typical requirements. Its strategic location in Arapahoe County, near I-25 and the Dry Creek Light Rail Station, provides excellent access to transportation networks and a robust workforce. This property is offered fee simple and represents a rare opportunity to acquire a high-quality asset with a strong tenant in a rapidly growing Denver market. The building is situated adjacent to a Nordstrom-owned data center, further solidifying its location within a key corporate presence. This investment offers a blend of short-term income stability and long-term growth potential.

Highlights

  • For Lease or Sale
  • $1,648,545 Annual Net Operating Income (starting 2/1/2025)
  • Nordstrom lease expires 1/31/2028
  • 1% Annual Rent Increases
  • Triple Net (NNN) Lease; No Landlord Responsibilities

Property Details for 13531 Caley Ave

Property type
Office properties
Square Feet
110,000 SF
Class
A
Year Built
1985
Buildings
1
Stories
3
Lot Size (sq. ft)
374,616 SF

Location Insight

City
Centennial
County
Arapahoe
State
Colorado
Latitude
39.6032505
Longitude
-104.8327435

FAQs

What type of property is this?
Office property - 110,000 SF Nordstrom-Leased Office
Where is the office property located?
The property is located at 13531 Caley Ave Centennial, CO.
What are key features of this property?
This property features: For Lease or Sale; $1,648,545 Annual Net Operating Income (starting 2/1/2025); Nordstrom lease expires 1/31/2028
How can I contact the broker?
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13531 Caley Ave
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