Fully Leased Flex Building
14251 E Fremont Ave Centennial, CO 80112
14251 E Fremont Ave, Centennial, CO, 80112
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For Sale
Contact for pricing
Fully leased flex building in Denver MSA with steady income.
Property Size20,032 SF
Price / SF$197.18
Days on Market619
Property Features for 14251 E Fremont Ave
General Information
- Standard status
- Active
- Size
- 20,032 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2000
Listing Agency
Andrus & Morgan Co
Listed by
Thomas Morgan, CCIM · License #CO 40032085–ER
Source
Crexi
Added: Nov 7, 2024 Checked: Jul 19 at 4:53 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Andrus & Morgan Co
Investment Insights
Based on property information with market context.
Frehawk Business Center is a fully leased, three-tenant triple-net (NNN) investment property located in Centennial, CO, within the Denver MSA. The 20,032 square foot R&D flex building is occupied by established tenants, including Nytech Heating & Cooling (11,360 SF) and Golden Forensics (8,672 SF), with Verizon leasing roof/ground space. The building features a robust industrial design with 7 drive-in doors and 18’ clear heights. Signage is available on both the facade and a monument. The property includes 27 parking spaces, providing a ratio of 2.45 spaces per 1,000 square feet. Situated in the southeast Denver metro area, the property is near major business centers, retail hubs, and regional amenities. It is located minutes from the Denver Tech Center (DTC), which features over 25 million square feet of office, flex, and retail space. Other nearby destinations include Park Meadows Mall and Centennial Airport, with quick access to I-25, E-470, and E Arapahoe Rd. The area supports a strong business ecosystem and tenant base, with a high-income residential demographic and daily traffic counts of 12,000 to the west and 14,000 to the east. The property is also located minutes away from the Denver Broncos Training Camp.
Key Highlights
- Fully leased, three‑tenant NNN investment property providing passive income.
- Located in the Denver MSA (Centennial, CO) near major business centers and amenities.
- Steady income generation with a 6.70% cap rate (potential to increase to 7.15% if self‑managed).
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $432.7k | $21.60 |
| − Vacancy | −$95.2k | −$4.75 |
| EGI | $337.5k | $16.85 |
| − OpEx | −$84.4k | −$4.21 |
| NOI | $253.1k | $12.64 |
20,032 SF · lease $21.60/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.62M
$3.16M – $4.22M
NOI $253,124 @ 7.0% cap · market cap 6.41%
Second Best
Flex RnD
$3.15M
$2.75M – $3.67M
NOI $220,312 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$4.86M
$4.25M – $5.67M
NOI $340,153 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Simply Pizza Truck — 15562 E Fremont Dr B104, Centennial, CO 80112
- Event Bartenders of Denver — 7440 S Blackhawk St UNIT 8204, Centennial, CO 80112
- Firehouse Subs Cornerstar — 15405 E Briarwood Cir Unit B, Aurora, CO 80016
- Gracekitchen LLC — 7550 S Blackhawk St #108, Englewood, CO 80112
FAQs
What type of property is this?
Flex space - Fully leased flex building in Denver MSA with steady income.
Where is this flex space located?
The property is located at 14251 E Fremont Ave Centennial, CO.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Fully leased, three‑tenant NNN investment property providing passive income.; Located in the Denver MSA (Centennial, CO) near major business centers and amenities.; Steady income generation with a **6.70% cap rate** (potential to increase to 7.15% if self‑managed).
