7853 Arapahoe Ct Centennial, CO 80112-1359

Property Details for 7853 Arapahoe Ct

Year built

1981

Construction

FRAME

Lot size

1.48 lot acres

Property size

31,590 SF

Zone code

PUD

Property type

Office buildings

APN

2075-28-2-17-006

APU

207528217006

Description

This exceptional investment opportunity presents two three-story, Class C office buildings totaling 63,180 square feet, situated on a 2.58-acre lot in Centennial, Colorado. Located on the Arapahoe Corridor, just south of the Denver Tech Center, this stabilized multi-tenant property boasts a 95% occupancy rate and a strong NOI of $421,040, yielding an 8.44% cap rate. The asking price is $4,990,000 ($78.98/sq ft). Built in 1981, these buildings feature excellent visibility and signage on Arapahoe Road, ample parking, and easy access to I-25. The property benefits from a prime location near numerous amenities, including shopping centers, restaurants, and residential areas, offering tenants convenient access to the Denver Tech Center, Cherry Creek North, and Downtown Denver. The B-1 zoning allows for flexibility, and the diverse tenant mix with smaller office suites ensures consistent cash flow and minimal vacancy downtime. This value-add opportunity presents significant potential for rent growth and management improvements, making it an attractive investment in a thriving submarket. The property includes a gross lease type and is currently operating at a high occupancy rate.

Location Insight

City

Centennial

County

Arapahoe

State

Colorado

Longitude

-104.897

Latitude

39.5945

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments