NexGen Properties Group Acquires Office Campus In Centennial From Graham Street Realty For $10.6M

The property asset involved in this transaction is a three-building office campus located at 7200 South Alton Way in Centennial, Colorado. The campus comprises 134,598 square feet and was sold for a price of $10,600,000, translating to a price per square foot of $79.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $10,600,000
• Address: 7200 South Alton Way
• Market: Centennial, CO
• Square Footage: 134,598
• Price Per Square Foot: $79
• Buyer: NexGen Properties Group
• Seller: Graham Street Realty
• Brokers: Aaron Johnson & Jon Hendrickson - Cushman & Wakefield

NexGen Properties Group acquired the property with plans to invest an additional $3,000,000 in upgrades over the next three years, anticipating ongoing demand from small tenants in the office space market.