$3,500,000
12005 E 37th AVE Denver, CO 80239
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$3,500,000
Est. payment /mo
0.86 Acres Lot
UPDATED:
08/16/2024 11:56 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3272485
HOA Y/N No
Originating Board recolorado
Year Built 1996
Tax Year 2023
Lot Size 0.860 Acres
Acres 0.86
Property Description
**Exceptional Investment Opportunity in Prime Location - 6.1% Cap Rate, Absolute NNN** Presenting a rare chance to acquire a 19,000+ sf commercial industrial property in a high-growth market area. This one-story whole building is currently operating on an absolute NNN lease, boasting a compelling cap rate of 6.1%. This 37,000+ sf lot offers excellent visibility and signage opportunities. Situated just 1 mile from the Peoria Station A-Line + R-Line Light Rail / RTD Park and Ride, 2 miles from the Anschutz Medical/University Hospital, Children's Hospital Campus, 3 miles to the new Rocky Mountain VA Regional Medical Center, 4.8 miles from Dick's Sporting Goods Park and the Kroenke Victory Crossing development, and 15 minutes to DIA, this property is strategically positioned for success. The facility is currently leased to a long-term tenant through 3/31/2029, generating an impressive NOI. The lease includes an option to extend at a higher monthly rate through 3/31/2034. Meticulous maintenance has been a priority, evident as the building remains in top shape both inside and out. Updates are performed periodically by the tenant, with a full list of improvements including extensive HVAC, electrical, and plumbing modifications available by request. The mechanical systems are well cared for and the extensive parking complex is in excellent like new condition featuring 3 full-height door options, including dock height, drive-in, and rollup. During this long term owner's tenure the property has had a clean environmental and contamination record also free and clear of any encumbrances and easements. Owned and managed by a very involved and experienced Colorado commercial/industrial investor, this property has a history of extended sustainable tenancy and remains in A+ desirable condition. This is an exceptional opportunity for the astute investor looking to secure a prime commercial industrial property in a thriving area prime for growth and investment potential.
Location
State CO
County Denver
Zoning I-B, UO-2
Interior
Fireplace N
Exterior
Roof Type Membrane
Garage No
Building
Sewer Public Sewer
Water Public
Structure Type Concrete
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by The Creed Group • results@thecreedgroup.com,720-365-7174
Learn More About LPT Realty
Cesar Peña
Real Estate Advisor | License ID: FA.100097076
Real Estate Advisor License ID: FA.100097076