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13531 E Caley Ave
Englewood, CO 80111
NORDSTROM OFFICE · Office Property For Sale

INVESTMENT HIGHLIGHTS

  • Corporate Guarantee – The property is 100% occupied and backed by a corporate guarantee from Nordstrom, Inc. with an S&P BB+ credit rating
  • Annual Rental Increases – The lease features 1% annual increases, providing a strong hedge against inflation
  • 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
  • Absolute NNN Lease – The property benefits from a management-free lease, providing a completely passive ownership for investors
  • 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
  • Long-Term Occupancy – Nordstrom, Inc. has occupied the property for over 20 years, demonstrating a long-term commitment to the location

PROPERTY FACTS

Property Type
Office
Property Subtype
Office/Residential
Building Size
110,000 SF
Building Class
B
Year Built
1985
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
38,000 SF
Slab To Slab
11’
Building FAR
0.29
Lot Size
8.66 AC
Zoning
PUD, Cenntennial - Planned Development Zoning
Parking
416 Spaces (3.98 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2075-24-1-02-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,717,053
  • Listing ID: 27895879

  • Date on Market: 3/6/2023

  • Last Updated:

  • Address: 13531 E Caley Ave, Englewood, CO 80111

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