Arapahoe County
Property Location: 7103 S. Revere Parkway, Centennial
Property Description: 58,405-sf office building, YOC 1984, masonry construction
Land Size: 4.811 acres
Sales Price: $16.89M, or $289.25 psf
Reception No.: D9000889
Closing Date: 1/2
Grantor: Xchange Solutions Inc. for TCA Stephen Finn, Trust Company of America Inc.
Grantee: WPC Centennial LLC (Honolulu, Hawaii 96815)
Financing: Cash
Comments: Property was listed by Brad Calbert of Colliers International. Arapahoe County Assessor shows 61,530 sf while the listing broker shows a 58,405-sf office/warehouse, constructed in 1983. The property was renovated in 1996. Lease rate for this single-tenant building is north of $21.80 psf triple net, reflecting a cap rate of slightly over 7.5%. Trust Company of America is synonymous with E Trade. The seller was identified as 7103 Revere LLC, c/o TCA Stephen Finn, Founder of Trust Company of America Inc.
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.
