5730 E Otero Ave - Storefront FOR SALE


Centennial, CO 80112
$2,100,000 USD
303-406-2524
5730 E Otero Ave, Centennial, CO for Sale
$2,100,000 USD
Storefront - FOR SALE
1/19
null | Request Cap Rate

NEW


5730 E Otero Ave
Centennial, CO 80112


HIGHLIGHTS

  • HIGH DISPOSABLE INCOME - Average Household Income of $183,144 within one mile of 5730 E Otero Ave
  • CONVENIENT ACCESS - Full turn access points on Otero Street, Holly Street and County Line Road with signalized intersection at County Line and Holly.
  • STRONG COTENANCY - 96% leased Foxridge Plaza anchored by King Soopers, 1st Bank, Midas & Grease Monkey
  • STRONG REGIONAL TRADE AREA- Park Meadows Mall, Lifetime Fitness, Ikea, South Suburban Sports Complex, South Suburban Golf Course
  • HIGH TRAFFIC - Combined 41,447 vehicles passing the site per day on County Line and Holly

OVERVIEW

Value Add Opportunity! Foxridge Professional Building is an attractive multi-tenant, value-add investment or Owner/User opportunity located in Foxridge Plaza Shopping Center, a King Soopers anchored retail center in Centennial, Colorado. This 11,004 square foot building includes five leased retail spaces, one leased o?ce space and 3,844 square feet of available o?ce space. The retail portion is fully leased to established businesses, including Inle Massage, Denver Doll Emporium, Kumon School, Colorado School of Acting, Brixton Barbers, and State Farm. The property, currently 65% leased, o?ers a unique value-add opportunity for investors to increase revenue and property value, or for an owner-user to occupy the available units and receive income from the other Tenants. Additionally, the next owner may significantly increase cash flow by transitioning the existing Expense Stop leases to NNN over time to recapture the majority of property expenses. Located in a neighborhood retail center, the property o?ers ample parking, including 27 covered parking spaces and 10 surface spaces, and provides easy access from Holly Street and County Line Road. Tenants benefit from prominent building signage, monument signage and tra?c from synergistic tenants occupying Foxridge Shopping Center.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$193 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Foxridge Professional Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

B-2, Centennial

APN/PARCEL ID

2075-32-3-28-002

ASK ABOUT THIS PROPERTY

Kyle MoyerPinnacle Real Estate AdvisorsMore Info
303-406-2524

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Kyle MoyerPinnacle Real Estate AdvisorsMore Info
303-406-2524

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.