Southglenn Professional Center | 6650 S Vine St
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Southglenn Professional Center 6650 S Vine St
28,217 SF 100% Leased Office Building Centennial, CO 80121 For Sale
Investment Highlights
- Value Add Medical Deal, Perfect for an Owner/User or Investor
- Assumable Debt
- Great Location Near Streets of Southglenn, near University Blvd and Arapahoe Road
Executive Summary
New Lease Executed, New Cap Rate, New Price. 8.58% Cap rate on in-place income. Contact Chadd Nelson for Pricing and Offering Memorandum.
The Kramer Group of Marcus & Millichap is pleased to present the Southglenn Professional Center. This Class B Medical Office has 28,217 Rentable Square Feet, 93% percent occupied with 19 tenants and 2 vacant suites. Located at 6650 S Vine St in Centennial, Colorado, this medical building sits just off East Arapahoe Road and South University Blvd. Approximately $1 million of debt is assumable, fully amortizing through 5/31/33 at 4.26 percent, payment is $11,088.00/month.
The Kramer Group of Marcus & Millichap is pleased to present the Southglenn Professional Center. This Class B Medical Office has 28,217 Rentable Square Feet, 93% percent occupied with 19 tenants and 2 vacant suites. Located at 6650 S Vine St in Centennial, Colorado, this medical building sits just off East Arapahoe Road and South University Blvd. Approximately $1 million of debt is assumable, fully amortizing through 5/31/33 at 4.26 percent, payment is $11,088.00/month.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
28,217 SF
Building Class
B
Year Built
1974
NOI
$277,906
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,406 SF
Building FAR
0.53
Lot Size
1.22 AC
Zoning
B-2 - City of Centennial, Arapahoe County.
Parking
85 Spaces (3.01 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Signage
- Basement
- Central Heating
- Natural Light
- Drop Ceiling
- Monument Signage
- Outdoor Seating
- Air Conditioning
Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 2077-23-4-01-042 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $535,680 |
PROPERTY TAXES
Parcel Number
2077-23-4-01-042
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$535,680
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Southglenn Professional Center | 6650 S Vine St
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