11551 Arapahoe Rd Centennial, CO 80112-3831

Property Details for 11551 Arapahoe Rd

Year built

1999

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

6.75 lot acres

Property size

85,731 SF

Zone code

AMU

Property type

Office buildings

APN

2075-23-4-10-002

APU

207523410002

Description

This exceptional 85,935 square foot Class B executive office building in Centennial, Colorado, presents a compelling investment opportunity. Located at 11551 E Arapahoe Rd, this single-tenant, net-lease property boasts a strong 8.51% cap rate and a substantial 7.2 years remaining on the lease, extending to January 31, 2032, with a 5-year option. The property, built in 2000 and renovated in 2021, sits on a 6.75-acre lot and features two stories. Currently 100% occupied since February 1, 2022, by Sierra Space Corporation, a well-funded aerospace and defense company, this property offers significant long-term stability. The tenant's recent lease extension and improvements underscore their commitment to the location. The property's strategic location in the heart of Colorado's rapidly growing aerospace and defense sector, coupled with its high-quality interior and exterior finishes, makes it an attractive option for both tenants and investors. The building's functionality can be further enhanced to meet future market demands. The asking price is $16,000,000, translating to $186.19 per square foot. The property's NOI is $1,362,000. Its proximity to Centennial Airport and ample retail options adds further value. This is a rare opportunity to acquire a secure, high-quality asset with a strong tenant and significant upside potential. The property's APN is 2075-12-4-10-002.

Location Insight

City

Centennial

County

Arapahoe

State

Colorado

Longitude

-104.855

Latitude

39.5961

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments