NavPoint Real Estate Group Facilitates Sale of 28,700 SF Multi-Tenant Medical Office/Office Investment Asset in Centennial for $3,875,000
navpoint / December 17, 2019
Centennial, CO – NavPoint Real Estate Group is pleased to announce it has completed the sale of a Value-Add Multi-Tenant Medical Office/Office Investment Asset located at 8100 East Arapahoe Road, in Centennial, Colorado.
With an excellent location in the Denver Tech Center, this building is surrounded by a myriad of retail and restaurants, and has easy access to the Denver Metro area from I-25 via Arapahoe Road.
Compass Bank, a strong publicly traded tenant, has occupied the Garden Level and First Floors of the premises since it was built in 1986. The building remains 57.33% occupied by three tenants, providing the buyer with excellent value-add opportunity.
John Witt and Matt Call of NavPoint Real Estate Group represented the seller, Mililani Investments Arapahoe, LLC, in this transaction. The buyer, Hilltop Partnership LLC, was represented by Matt Kulbe, also of NavPoint Real Estate Group.
According to Witt, “The buyer was looking for an investment opportunity with a small owner-user component for their own business. 8100 E Arapahoe had significantly more vacancy than the buyer could occupy so they looked at the additional vacancy as an opportunity to capitalize on the office leasing market along Arapahoe Road and add additional value to their investment.
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