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Burgeon Properties Denver LLC Acquires Office Building In Centennial For $1.7M With Paul's Representation
SOLD
$1,700,000
Colorado
See Similar DealsOffice19,409 SF
Sold 10/01/2025
SOLD
Burgeon Properties Denver LLC Acquires Office Building In Centennial For $1.7M With Paul's Representation
4901 East Dry Creek Road
See Similar DealsOffice19,409 SF
Sold 10/01/2025
Summary
COLORADO
Asset Type:Office
Price Per Square Foot:$87
Total Square Footage:19,409 SF
Transaction Type:Sale
An office building located at 4901 East Dry Creek Road in Centennial, CO, was sold for $1,700,000. The property encompasses 19,409 square feet on a 0.76-acre lot and was built in 1979. At the time of sale, the building was 80% leased.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,700,000
- Address: 4901 East Dry Creek Road
- Market: Centennial, CO
- Square Footage: 19,409 SF
- Price per Square Foot: $88
- Buyer: Burgeon Properties Denver LLC
- Broker: Paul Cattin - Platinum CRE
Paul Cattin from Platinum Commercial acted as the broker representing the seller in this transaction, facilitating the sale of the office building to Burgeon Properties Denver LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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