For Sale
Call for price

6650 Vine StCentennial, CO 80121

Centennial, CO Office Building - Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This Centennial, Colorado office building, known as the Southglenn Professional Center, presents a compelling value-add investment opportunity. The property, located at 6650 S Vine St, 80121, boasts 28,217 square feet of rentable space, situated on a 1.22-acre lot. Currently operating at 92.8% occupancy, the building houses 18 tenants across its multiple suites, with two vacant suites available. The property is classified as Class B and caters to a mix of executive, medical, and traditional office uses. A significant advantage is the potential for owner-occupancy, with Suite 100 (3,429 square feet) on the main floor available. The property's current cap rate stands at 8.58%, with a pro-forma cap rate projected at 9.72%. Furthermore, approximately $1 million in existing debt is assumable, featuring a fully amortizing loan with a 4.26% interest rate and monthly payments of $11,088, extending until 5/31/33. The building's convenient location offers easy access to East Arapahoe Road and South University Blvd, making it an attractive proposition for both investors and potential owner-occupants. This property offers a strong foundation for future growth and value appreciation.

Highlights

  • Class B medical office building totaling 28,217 rentable square feet.
  • 8.58% current cap rate, projected to increase to 9.72%.
  • 92.8% occupancy with 18 tenants and two vacant suites.
  • Situated on a 1.22-acre lot at 6650 S Vine St, Centennial, CO 80121.
  • Approximately $1 million in assumable debt at 4.26% interest, fully amortizing through 5/31/33.

Property Details for 6650 Vine St

Property type
Office properties, Medical offices
Square Feet
28,217 SF
Lot Size (sq. ft)
53,143 SF

Location Insight

City
Centennial
County
Arapahoe
State
Colorado
Latitude
39.5962606
Longitude
-104.9633761
6650 Vine St, Centennial, Colorado

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6650 Vine St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message