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Fred Lewis Of Sentinel Net Lease Acquires Waterpark At Briarwood Office Portfolio For $23M In Centennial CO

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SOLD
$23,000,000

Colorado

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Office
Sold 10/15/2025
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SOLD

Fred Lewis Of Sentinel Net Lease Acquires Waterpark At Briarwood Office Portfolio For $23M In Centennial CO

10770 East Briarwood Avenue

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Office
Sold 10/15/2025
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Summary

COLORADO
Asset Type:Office
Transaction Type:Sale

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.

Players

6 deals$105.7M volume
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BUYER

Details

SOLD
IMAGE: 10/15/2025 ADDRESS: 10770 East Briarwood Avenue MARKET: Centennial, CO ASSET TYPE: Office BUYER: Fred Lewis - Sentinel Net Lease SALE PRICE: $23,000,000 NOTE: Sentinel Net Lease acquired Waterpark at Briarwood, a two-property flex office portfolio in Centennial, CO, for $23 million through a joint venture with Sentinel Opportunity Fund I, LP. The deal aligns with the fund’s strategy of targeting income-producing assets in strong markets, with CEO Fred Lewis citing the property’s stable tenant base and long-term value potential.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,226,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$81,714.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$109,031.73
Annual Debt Service$1,308,380.81