13531 E Caley Ave - Office/Residential FOR SALE
Englewood, CO 80111 |
13531 E Caley Ave
Englewood, CO 80111
HIGHLIGHTS
- Corporate Guarantee – The property is 100% occupied and backed by a corporate guarantee from Nordstrom, Inc. with an S&P BB+ credit rating
- Absolute NNN Lease – The property benefits from a management-free lease, providing a completely passive ownership for investors
- Annual Rental Increases – The lease features 1% annual increases, providing a strong hedge against inflation
- Below Market Rent – The tenant is currently paying $14.69 PSF. Per CoStar, market rent is roughly $24.50 PSF, providing long-term stability and profit
- High Income Region – Within 1-mile of the property, the average household income is $178,773; roughly 2.65x the national average of $67,521
- Long-Term Occupancy – Nordstrom, Inc. has occupied the property for over 20 years, demonstrating a long-term commitment to the location
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
NORDSTROM OFFICE
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Office/Residential
TOTAL BUILDING SIZE
110000
STORIES
3
BUILDING CLASS
B
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
416
LAND DETAILS
LAND ACRES
8.66 AC AC
LAND SF
377,230 SF
ZONING
-
APN/PARCEL ID
2075-24-1-02-001
