6650 Vine St Centennial, CO 80121

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.