Centretech Hughes – Sold

Properties

Centretech Hughes – Sold

State-of-the-art, custom built, two-building office facility includes IT laboratory space, a data center, and is strategically located next to the Buckley Airforce Base which houses a U.S. missile detection/warning system. Build-to-suit property for Raytheon, a Fortune 500 company and technology and innovation leader specializing in defense and other government markets throughout the world.

Property Details

Address

16430 & 16470 East Hughes Drive, Aurora, CO

MSA

Denver

Property Type

Two Office/R&D Buildings

Strategy

Core-Plus

Size

175,924 Square Feet

Primary Tenant

Raytheon Company

Acquired

February 12, 2015

Syndicated

March 27, 2015

Sold

December 27, 2019

Internal Rate of Return (1)

13.2%

Average Annual Return (2)

14.3%

Equity Multiple (3)

1.69x

Photo of Tritower Financial Centretech Hughes property
Photo of Tritower Financial Centretech Hughes property
Photo of Tritower Financial Centretech Hughes property
Photo of Tritower Financial Centretech Hughes property
  1. Internal Rate of Return is a financial metric, representing the average yearly return that takes into account the timevalue of money.
  2. Average Annual Return is the total investor return divided by the number of years in the actual holding period of the investment.
  3. Equity Multiple is a simple ratio showing how much total cash an investor gets back for every dollar they put into an investment over its lifetime by dividing the total cash distributions received by the total equity invested.

Highlights & Amenities

Raytheon’s operations at this location are critically connected with the Buckley Air Force Base.

Aurora is home to one of the largest concentrations of Raytheon’s Intelligence (a business unit of Raytheon), employing more than 2,400 people and making the firm the second largest private employer in the city.

The property contains 40,000 square feet available for future development or expansion.

Location

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