Our Portfolio

• Location: 12596 Bayaud Ave. Lakewood, CO
• Asset Type: Office with Medical
• Year Built: 1982 (Built), 2019 (Renov.)
• Size: 84,145 SF
• Number of Units: 16
• Occupancy at Sale: 81.6%

Description

An 84,145 SF multi-tenant office with a medical building in a vibrant part of the west Denver Metro area. This opportunity meets our strict investment criteria, conservative underwriting, and long-term goals of providing equity upside and cash flow. Additionally, Recentric will seek to maximize passive “paper losses” for our investment group through accelerated depreciation and bonus depreciation on this asset.

• Location: 16830 Northgate Drive, Parker, CO
• Asset Type: Medical Office
• Year Built: 2006
• Size: 14,016
• Number of Units: 5
• Occupancy at Sale: 87%
• Description:
  This Class A off campus medical office building was built in 2006. This property is very well located in a high growth area of Douglas County. With a small vacancy at closing, Tenant mix is diverse and stable including general pediatrics, orthodontistry, and behavioral health practices. Each having a sound practice and long history in each respective practice, this building provides a strong value-add and cash flow opportunity for our investors.

• Location: 5657 S. Himalaya, Centennial, CO
• Asset Type: Medical Office/Retail
• Year Built: 2000
• Size: 23,789 
• Number of Units: 11
• Occupancy at Sale: 94%
• Description:
  This attractive and well located Class B building is an off-campus medical office building that also has retail tenants. It was acquired in 2019. The building was over 90% occupied when purchased. The tenant base is 75% medical and 25% retail. The largest tenant consumes one-third of the space and has been in practice for several years at this location. This is a fantastic addition for Recentric’s investors as it provides steady returns, and increased equity at the time of purchase.