Matt Emmons - Commercial Real Estate Showcase

Matt Emmons Property Listings
NAI Shames Makovsky
1400 Glenarm Pl
Suite 100
Denver, CO 80202-5034

555 Alter Street

Broomfield, CO 80020 - Broomfield County Ind Submarket

(922.2 KB)

Property Type:Industrial Sub Type:Service Status:Existing , Renov 1980 Year Built:1967
Building Size:66,740 SF Land Area:4.21 AC (183,388 SF)
Ceiling Height:9'0''-16'0'' Loading Docks:3 ext Rail:- Power:1,200a/408v 3p
For Sale Price:$5,200,000 Price/SF:$77.91
Cap Rate:7.01 %
Zoning:I-2 Sprinklers:- Drive Ins:12 tot./9'0''w x 14'0''h Cranes:-
Parking:65 Surface spaces are available; Ratio of 1.86/1,000 SF Amenities:Air Lines, Fenced Lot

Park Plaza Commons consists of 66,740 rentablesquare feet of industrial and office space. The one-story building fronts Alter Street, one street west of Highway 287, which is conducive for tenants looking for quasi-retail and industrial space. This is evidenced by the current tenant line-up which features an auto repair shop, a transmission work company and an off-road specialist. The majority of the vacant space is located in the west and north sides of the property, which is versatile space that could work with a wide variety of tenant uses including warehouse, distribution, light manufacturing, assembly and office.

The property was originally built in 1967 sits on a 3.28 acre lot. The surface parking lot that surrounds the property consists of 124 spaces and a parking ratio of 1.86 per 1,000 rentable square feet.

Sale Notes:
Investment Summary
Well-located, Broomfield industrial/flex investment opportunity
Phase II ESA completed in May 2017 - recommends no additional investigation
94% leased to 14 tenants
Excellent location at Highway 36 and Highway 287
Value-add opportunity
2018 NOI is $398,131
7.01% CAP Rate
Estimated 2017 NNN’s are $2.85/SF

NAI Shames Makovsky
Matt Emmons
(303) 565-3035

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