Foxridge Professional Building | 5730 E Otero Ave
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Foxridge Professional Building 5730 E Otero Ave
10,880 SF 65% Leased Retail Building Centennial, CO 80112 $2,100,000 ($193/SF)
Investment Highlights
- HIGH DISPOSABLE INCOME - Average Household Income of $183,144 within one mile of 5730 E Otero Ave
- STRONG COTENANCY - 96% leased Foxridge Plaza anchored by King Soopers, 1st Bank, Midas & Grease Monkey
- HIGH TRAFFIC - Combined 41,447 vehicles passing the site per day on County Line and Holly
- CONVENIENT ACCESS - Full turn access points on Otero Street, Holly Street and County Line Road with signalized intersection at County Line and Holly.
- STRONG REGIONAL TRADE AREA- Park Meadows Mall, Lifetime Fitness, Ikea, South Suburban Sports Complex, South Suburban Golf Course
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
10,880 SF
Building Class
B
Year Built
1985
Price
$2,100,000
Price Per SF
$193
Percent Leased
65%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Land Acres
0.62 AC
Zoning
B-2, Centennial
Parking
27 Spaces (2.48 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (71)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2075-32-3-28-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $377,208 |
PROPERTY TAXES
Parcel Number
2075-32-3-28-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$377,208
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Kyle Moyer -
Cody Stambaugh -
Elizabeth Morgan -
Pinnacle Real Estate Advisors
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Foxridge Professional Building | 5730 E Otero Ave
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