Highlights
- Size: 28,700 SF
- Sale Date: November 2019
- Property Type: Office
Property Description
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.
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.”
