Fred Lewis Of Sentinel Net Lease Acquires Waterpark At Briarwood Office Portfolio For $23M In Centennial CO
10770 East Briarwood Avenue
$23,000,000
Building Size
—
Asset Type
Office
Closing
Oct 15, 2025
AI
The asset involved in this transaction is an office property located at 10770 East Briarwood Avenue, Centennial, CO. The property was sold for a total transaction amount of $23,000,000. This acquisition was executed as part of a joint venture that includes Sentinel Net Lease and Sentinel Opportunity Fund I, LP.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $23,000,000
- Buyer: Fred Lewis
- Buyer’s Company: Sentinel Net Lease
- Market: Centennial, CO
- Joint Venture Partner: Sentinel Opportunity Fund I, LP
Key individuals involved in this transaction include Fred Lewis, the CEO of Sentinel Net Lease. Under his leadership, the firm has focused on acquiring income-producing assets in strong markets, emphasizing the property’s stable tenant base and potential for long-term value.
Englewood Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93