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    13531 Caley Ave Centennial, CO 80111

    Sponsored
    For Sale
    Contact for pricing

    110,000 SF Nordstrom-Leased Office

    Property size:
    110,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A office building, totaling 110,000 square feet, presents a compelling value-add investment opportunity. Located in Centennial, Colorado, at 13531 E Caley Ave (APN 2075-24-1-02-001), this single-tenant property boasts a strong lease with Nordstrom, Inc., a highly creditworthy tenant. The current lease, a NNN (Net, Net, Net) agreement, commenced January 15, 2003, and expires January 31, 2028, leaving approximately 3.2 years remaining. The building, constructed in 1985, features three stories and sits on an 8.6-acre lot, providing ample space. With 100% occupancy since its opening, the property generates substantial income. The lease includes a 1% annual rent bump, ensuring consistent income growth. The property offers 400 parking spaces per 1,000 square feet, exceeding typical requirements. Its strategic location in Arapahoe County, near I-25 and the Dry Creek Light Rail Station, provides excellent access to transportation networks and a robust workforce. This property is offered fee simple and represents a rare opportunity to acquire a high-quality asset with a strong tenant in a rapidly growing Denver market. The building is situated adjacent to a Nordstrom-owned data center, further solidifying its location within a key corporate presence. This investment offers a blend of short-term income stability and long-term growth potential.

    Property Features for 13531 Caley Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    110,000 SF
    Class
    A
    Lot Size
    374,616 SF

    Building Details

    Year Built
    1985
    Buildings
    1
    Stories
    3

    HighLights

    • For Lease or Sale
    • $1,648,545 Annual Net Operating Income (starting 2/1/2025)
    • Nordstrom lease expires 1/31/2028
    • 1% Annual Rent Increases
    • Triple Net (NNN) Lease; No Landlord Responsibilities
    Property Profile Location Intelligence

    Current Use by Public Records

    Nordstrom Card Services Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Centennial
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.8327435
    Latitude
    39.6032505

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    FAQs

    What type of property is this?
    Office Property / Space - 110,000 SF Nordstrom-Leased Office
    Where is this office property / space located?
    The property is located at 13531 Caley Ave Centennial, CO.
    What are key features of this property?
    This property features: For Lease or Sale; $1,648,545 Annual Net Operating Income (starting 2/1/2025); Nordstrom lease expires 1/31/2028
    Request Owner's contact information
    13531 Caley Ave Centennial, CO 80111
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    Centennial, CO 80111
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13531 Caley Ave Centennial, CO 80111
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