Arapahoe Service Center II

Centennial (Denver), CO
Date Acquired: December, 2014
SF: 79,000

Arapahoe Service Center II is a one-story flex/office property located in Denver’s Southeast submarket, a location popular with technology firms. Although the property was fully leased upon acquisition, the property had entered into foreclosure and Presido Property purchased it from the lender. Presido Property subsequently negotiated a lease buy-out from one of the tenants and expanded the adjacent tenant, resulting in additional revenue from the buy-out fee and a long-term lease extension while retaining 100% occupancy.