Commercial real estate in Centennial, Colorado, is a sound investment opportunity for those looking to capitalize on the city's growing economy and strategic location. As a hub for media and aerospace industries, Centennial is home to major corporations like National CineMedia and United Launch Alliance, making it an attractive location for businesses and entrepreneurs alike. Commercial properties in Centennial can range from office spaces to retail centers, offering a diverse range of investment opportunities. The city's amenities, including recreational trails, parks, and the Centennial Airport, make it an attractive location for businesses and residents. Additionally, its proximity to major cities like Aurora, Englewood, and Littleton, as well as its location within the Denver-Aurora-Lakewood Metropolitan Statistical Area, make it an ideal location for businesses looking to tap into the larger regional market. With a population of over 100,000 residents, Centennial is a great place to do business and travel, with attractions like the High Line Canal Trail and DeKoevend Park.
Centennial's commercial real estate market offers a range of opportunities, with 93 listings available. The average price per square foot is $293 USD, and the average size of commercial properties is 12,480 square feet, with the largest property available being 287,407 square feet. Industrial properties in Centennial offer a unique opportunity for businesses looking for space to manufacture and distribute goods, while apartment buildings provide a chance to invest in the city's growing residential market. Office properties are also available, offering a range of options for businesses looking for space to operate. Hotels in Centennial cater to the city's growing tourism industry, with attractions like the Centennial Airport and the High Line Canal Trail drawing visitors from across the region. Overall, Centennial's commercial real estate market offers a diverse range of opportunities for investors and businesses looking to capitalize on the city's growth and strategic location.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Centennial, Colorado, there are several alternatives to consider, including:
- SBA loans, which offer competitive interest rates and flexible repayment terms, making them an attractive option for small business owners and entrepreneurs.
- Conventional commercial mortgages, which provide a range of loan options with varying interest rates, loan terms, and repayment schedules, allowing buyers to choose the best fit for their business needs.
- Private money lending, which offers a more flexible and personalized approach to financing, often with faster approval times and more lenient credit requirements, making it a viable option for those who may not qualify for traditional financing.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Centennial, Colorado, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 6.81%, investors can gauge the property's potential income-generating ability, making it a vital factor in their purchasing decisions - to learn more about this key metric, check out our article on what is a cap rate.
In Centennial, where there are currently 93 available listings of commercial real estate, understanding cap rates is essential for investors to make informed decisions, especially when evaluating properties with varying prices, sizes, and income potential, such as those with an average price per square foot of $293 USD and average sizes ranging from 12,480 square feet to 287,407 square feet.
What is considered a commercial property?
In Centennial, Colorado, a commercial property is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and industrial facilities. With 93 available listings of commercial real estate in Centennial, investors and business owners have a range of options to choose from, with average prices per square foot at $293 USD, and average sizes ranging from 12,480 square feet to 287,407 square feet, offering cap rates averaging 6.81%.
