3020 43Rd Ave, Denver, CO 80216
13,968 SF | 72% Leased | Industrial Building | Denver, CO 80216 | $1,250,000 ($89/SF) | 6.83% Cap Rate
For Sale
Active
Asking Price $1,250,000
- Property Type
-
Industrial
- Price / Square Foot
- $89
Listing Contacts
Shane Robson
Property Overview
Great owner-user or value-add, multi-tenant, industrial investment with projected post 3rd year pro forma cap rate of 10.8%.
**Updated OM Coming. Email me and I'll be sure to send it once available.
The lease for #3020 expires end of April, 2025 for an owner-user to occupy. The Tenant has also expressed interest in renewing.
***All numbers in the OM Pro forma are not guaranteed and are recommended to be independently verified.
• Additional small storage yard/garage with unit 3050 accounts for additional 900 SF or so.
• Units 3020 & 3040 leased, Unit 3050 is vacant.
• Retail frontage, located on the border of up-and-coming residential North of RiNo.
• Street and Eastern side parking
• Small Storage Yard
**Updated OM Coming. Email me and I'll be sure to send it once available.
The lease for #3020 expires end of April, 2025 for an owner-user to occupy. The Tenant has also expressed interest in renewing.
***All numbers in the OM Pro forma are not guaranteed and are recommended to be independently verified.
• Additional small storage yard/garage with unit 3050 accounts for additional 900 SF or so.
• Units 3020 & 3040 leased, Unit 3050 is vacant.
• Retail frontage, located on the border of up-and-coming residential North of RiNo.
• Street and Eastern side parking
• Small Storage Yard
Property Details
- Class
- C
- Year Built
- 1946
- Stories
- 1
- Property Subtype
- Distribution, Manufacturing
- Lot Size (sq. ft)
- 24,394 SF
Highlights
- Value-Add Warehouse/Flex
- Pro forma Cap Rate 10.8%
- Projected Unlevered IRR of 28%+
- Small Storage Yard
- Multi-Tenant
- Retail frontage, located on the border of up-and-coming residential North of RiNo.
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