13531 Caley Ave Centennial, CO 80111

Property Details for 13531 Caley Ave

Year built

1985

Construction

FRAME

Lot size

8.60 lot acres

Property size

117,267 SF

Zone code

PUD

Property type

Office buildings

APN

2075-24-1-02-001

APU

207524102001

Description

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.