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Chicago investor acquires Centennial office investment for under $106 per sf

Arapahoe County

Property Location: 6377 S. Revere Pkwy, Centennial, “Revere Corporate Center”

Property Description: 63,364 sf, four-story office building, YOC 1999, masonry

Land Size: 5.27 acres

Sales Price: $6.69M, or $105.53 per sf

Reception No.: D6105320

Closing Date: 9/16

Grantor: RCS – Revere LP, Sharon K. Eshima, mgr., Real Capital Solutions Inc.

Grantee: Pericles Associates LLC c/o Zaragon Inc., Richard Perlman & Lisa Miner, 312-867-3840, 875 N. Michigan Ave., No. 3840, Chicago 60611

Financing: $5.03M payable to PrivateBank & Trust, due 9-1-21

Comments: This building was listed for sale by Jason Schmidt and Patrick Devereaux of JLL, 303-217-7953. The anchor tenant is Credit Union Indirect Lending Association. The building is 96% occupied. The property was listed for sale for $7.15M. The seller can be reached at 303-466-2500. See APN: 2075-24-3-22-001.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.