Terrace Place | 13531 E Caley Ave
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Terrace Place 13531 E Caley Ave
110,000 SF Office Building Englewood, CO 80111 For Sale
Investment Highlights
- Annual Rental Income of $1,648,545 starting February 1, 2025
- 1% Annual Rental Increases, True NNN Lease, No Landlord Responsibilities.
- Nordstroms provides short term income with current lease expiring 1/31/2028
Executive Summary
Marcus & Millichap is pleased to announce the offering of the Nordstrom office building, a 110,000-square foot office building leased to Nordstrom, Inc. on a NNN basis situated on 8.60 acres and located in Centennial, CO.
The Nordstrom office building is occupied by the credit card division of the luxury retailer on a NNN basis with the current term ending in 2028 and with three five-year options to extend.
The subject property is offered fee simple and is located at the northwest corner of East Caley Avenue and South Potomac Street, immediately adjacent to a data center building owned by Nordstrom, Inc., in the southeast Denver market.
Denver’s southeast region has seen tremendous growth over the last two decades primarily due to its access to
transportation and large executive housing base. I-25 bisects the southeast region of Denver and is the city’s most heavily traveled freeway, with over 200,000 vehicles passing by the Property every day.
I-25 connects Colorado Springs, Denver and Fort Collins, three of the
State’s largest municipalities. Additionally, the nearby Dry
Creek Light Rail Station has direct, convenient access to
Denver’s rapidly expanding mass transit network
The Nordstrom office building is occupied by the credit card division of the luxury retailer on a NNN basis with the current term ending in 2028 and with three five-year options to extend.
The subject property is offered fee simple and is located at the northwest corner of East Caley Avenue and South Potomac Street, immediately adjacent to a data center building owned by Nordstrom, Inc., in the southeast Denver market.
Denver’s southeast region has seen tremendous growth over the last two decades primarily due to its access to
transportation and large executive housing base. I-25 bisects the southeast region of Denver and is the city’s most heavily traveled freeway, with over 200,000 vehicles passing by the Property every day.
I-25 connects Colorado Springs, Denver and Fort Collins, three of the
State’s largest municipalities. Additionally, the nearby Dry
Creek Light Rail Station has direct, convenient access to
Denver’s rapidly expanding mass transit network
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
110,000 SF
Building Class
B
Year Built
1985
NOI
£1,292,031
Tenancy
Single
Number of Floors
3
Typical Floor Size
38,000 SF
Slab to Slab
11 ft
Building FAR
0.29
Land Acres
8.66 AC
Zoning
PUD, Cenntennial - Planned Development Zoning
Parking
416 Spaces (3.98 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
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PROPERTY TAXES
| Parcel Number | 2075-24-1-02-001 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £3,713,830 |
PROPERTY TAXES
Parcel Number
2075-24-1-02-001
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£3,713,830
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Chadd Nelson -
Brandon Kramer -
Sean O'Brien -
Marcus & Millichap
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Terrace Place | 13531 E Caley Ave
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