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Address available on request

FOR

SALE

$2,300,000

For Sale

10,800

Sq.Ft.

0.91

Acres

MLS# 9614885

Cumulative Days on Market: 16 (since April 16th, 2024) Data provided by the MLS.

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Property Details

Located between Downtown Denver and the western foothills, this sale offers a unique opportunity for a medical office user and / or value-add investor to acquire income property in the high-demand Crown Hill submarket. Since purchasing in 2009, this property has been owned and occupied by multiple successful medical practitioners. The lease terms presented here detail their commitment to maintain tenancy after closing, with 3% annual escalations, and are flexible to fit the needs of the future owner. The building has medical infrastructure for reception, plumbing, and file storage, and also welcomes general office users. All common areas are currently generating income, and offer potential for additional tenancy. The proforma included herein reflects income from 65% occupancy of the property. A new user is able to secure additional occupancy and SBA eligibility by absorbing common conference and work space.

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Property Highlights

Price

$2,300,000

Property Type

Commercial Sale

Property Sub Type

Office

Year Built

1976

Acres

0.91

Location

County

Jefferson

Zoning

M-E-U

Property Details

Price

$2,300,000

Property Sub Type

Office

Property Type

Commercial Sale

Building

Total Area

10,800

Interior Features

Area and Spaces

Number of Units

1

Building Details

Construction

Year Built

1976

Terms

Commercial

Cap Rate

7.43

Taxes

Tax

Tax (Annual)

$28,435

Heating, Cooling & Utilities

Utilities

Sewer

Public Sewer

Water Source

Public

Lot

Acres

0.91

Lot Size

0.91

Lot Size Area Sq Ft

39,640

Listed by Keller Williams Realty Downtown LLC, [email protected].

Listing Data last updated 05/01/2024 08:31 AM

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Property History

16 days ago

Property information last updated

16 days ago

Status Active. This is the date the listing was placed on market.

NOTE: Cumulative Days on Market: 16. Data provided by the MLS.

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Listings courtesy of REcolorado as distributed by MLS GRID IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. Based on information submitted to the MLS GRID as of 05/01/2024 08:31 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

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Listing Data last updated: 05/01/2024 08:31 AM

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Address available on request - MLS#9614885 - $2,300,000

Listed by Keller Williams Realty Downtown LLC

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