7208 Tucson WayCentennial, CO 80112

Property Details for 7208 Tucson Way

Year built

1982

Construction

FRAME

Lot size

1.38 AC

Property size (Sq ft)

23,184 SF

Zone code

PUD

Property type

Office properties

Property subtype

Office buildings

APN

2075-25-4-04-004

APU

207525404004

Description

This exceptional 22,424 square foot medical office building, located at 7208 S Tucson Way in Centennial, Colorado (zip code 80112), presents a compelling investment opportunity. The Class B property, built on a 1.38-acre lot, boasts a modified lease structure and multi-tenant occupancy currently at 78%. The building, renovated in 2021, features modern architecture and updated finishes, appealing to a diverse range of medical tenants. The two-story structure includes convenient amenities such as an elevator, shower/locker rooms, and ample surface parking for 67 vehicles. The landscaped grounds enhance the property's curb appeal. The building's zoning is MU-PUD, allowing for flexibility in future use. With stunning front range western views from the second floor, this property offers a desirable location and a strong potential for return on investment. The asking price is $4,250,000, translating to $189.53 per square foot. This presents a rare opportunity for an owner-user or value-add acquisition in the thriving Centennial market. The property's strong occupancy rate and desirable features make it an attractive investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $5,071,134

  6.5%

  $4,681,046

  7%

  $4,346,686

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,915,462

  Geo Method

  $1,915,462

• Alternative Use

  Use

  Valuation

  Residential

  $5,804,498

  Hospitality

  $5,316,888

  Educational

  $4,423,589

  Medical

  $4,575,723

  Retail

  $6,881,138

Location Insight

City

Centennial

County

Arapahoe

State

Colorado

Latitude

39.5858

Longitude

-104.835

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].