5550 60Th Ave, Arvada, CO 80003
30,708 SF | 100% Leased | Industrial Building | Arvada, CO 80003 | $7,200,000 ($234/SF) | 6.40% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $7,200,000
- Property Type
-
Industrial
- Price / Square Foot
- $234
Listing Contacts
Dallas Sandberg
Verified Profile
Jeff Johnson
Verified Profile
- Property Info
Property Overview
Qualified investors have the opportunity to acquire 5550 W 60th Ave, a 30,708 SF, 100% occupied, 3-unit, fully renovated industrial asset. All tenants will be on long term leases, with NNN leases in place for the two larger anchor tenants. The property has been recently updated with new plumbing and electrical, new mechanical units inside and outside, new interior office finishes, flat work, and landscaping. The recent renovation included 100% remediation of all asbestos at the property. There are rooftop solar panels (108 kW) currently generating income for the owner. This asset is in true “turn-key” condition with immaculate high end buildout in the office space. The property has 2000 AMP, 277/480 Volt, 3-Phase power, with 14 foot ceilings in the warehouse portions. The 1 acre +/- of unused vacant land with direct access to West 59th Avenue is zoned Light Industrial and provides immediate upside for a new owner based on numerous potential uses, including outside storage.
Property Details
- Class
- B
- Year Built/Renovated
- 1968/2022
- Stories
- 1
- Property Subtype
- Distribution
- Lot Size (sq. ft)
- 142,006 SF
Highlights
- 100% Occupied Multi-Tenant Industrial Asset For Sale
- Fully Renovated Trophy Industrial Property
- 1 Acres +/- Vacant Yard Provides Immediate Upside
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