5335 Xenon St, Arvada, CO 80002
15,975 SF | Flex Building | Arvada, CO 80002 | $5,400,000 ($338/SF) | 6% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,400,000
- Property Type
-
Industrial
- Price / Square Foot
- $338
Listing Contacts
Mark Alley
Verified Profile
Paul Schneider
Verified Profile
Chase Grimes
Verified Profile
Anna Givens
Verified Profile
- Property Info
Property Overview
5335 Xenon Street is a prime commercial property offering 15,975 square feet of premium space on a one-acre lot. Built in 2016, the building boasts top-of-the-line amenities, providing an exceptional environment for business operations.
The property is currently leased to Alio, a reputable publicly traded company, ensuring a stable and secure income stream. Alio has committed to a new 5-year lease agreement, featuring 3% annual escalations, and holds an option for a 3-year extension, reflecting their long-term investment in the location.
The Property is close to numerous restaurants, offering diverse dining options. Additionally, the RTD light rail provides convenient public transportation access, and Old Town Arvada is nearby, featuring charming shops, cafes, and cultural attractions. This combination of a high-quality work environment and a desirable location enhances both employee satisfaction and business success.
The combination of a strong tenant, contemporary amenities, and strategic lease terms make 5335 Xenon Street an outstanding investment opportunity.
The property is currently leased to Alio, a reputable publicly traded company, ensuring a stable and secure income stream. Alio has committed to a new 5-year lease agreement, featuring 3% annual escalations, and holds an option for a 3-year extension, reflecting their long-term investment in the location.
The Property is close to numerous restaurants, offering diverse dining options. Additionally, the RTD light rail provides convenient public transportation access, and Old Town Arvada is nearby, featuring charming shops, cafes, and cultural attractions. This combination of a high-quality work environment and a desirable location enhances both employee satisfaction and business success.
The combination of a strong tenant, contemporary amenities, and strategic lease terms make 5335 Xenon Street an outstanding investment opportunity.
Property Details
- Class
- B
- Year Built
- 2016
- Stories
- 2
- Property Subtype
- Flex, R&D
- Lot Size (sq. ft)
- 43,560 SF
Highlights
- Strong Tenant
- Tenant Recently Executed New, 5-Year NNN Lease
- Strategic Location
- Newly Built Building
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