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 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%

  $5,747,280

  6.5%

  $5,305,190

  7%

  $4,926,240

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,915,460

  Geo Method

  $1,915,460

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $10,626,400

  Retail / Commercial

  $5,413,590

  Mixed-Use / Specialty

  $5,366,260

  Hospitality / Lodging

  $3,900,560

  Institutional / Educational

  $5,568,730

  Residential Income

  $6,515,410

  Multifamily

  $7,969,620

  Automotive / Energy

  $4,773,200

  Parking / Income-Based Land

  $1,674,860

  Restaurant / Food Service

  $2,731,210

  Healthcare / Senior Housing

  $5,531,740

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

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