1187 E 68th Ave - Manufacturing FOR SALE


Denver, CO 80229- North Denver
$3,970,000 USD
303-283-4578
1187 E 68th Ave, Denver, CO for Sale
$3,970,000 USD
Manufacturing - FOR SALE
1/27
null | 8.23% Cap Rate

1187 E 68th Ave
Denver, CO 80229
North Denver


HIGHLIGHTS

  • South Unit can be a sale-leaseback for 5-Years (or less) for $156,233/year Net Providing Great Income for a Buyer
  • North unit has 16' clear & paved yard space that could be fenced. Pneumatic air lines throughout w/several compressors for all work areas
  • Unincorporated Adams County location (with a Denver mailing Address) for a low tax base
  • CENTRAL Location with Immediate Access to I-25, I-76, US-36, I-270, and I-70, & located in an Enterprise Zone!
  • Heavy Power that's well distributed, & liberal heavy industrial zoning, 100% AC'd
  • Entire building can be vacated for a User-Buyer, or can be sold with a Sale-leaseback on half

OVERVIEW

Two units can be sold separately to an investor or a user, or can be combined for a great price to a user looking to collect $156,233/year in Net income from a potential sale-leaseback unit. Unique user or investment sale in the heart of Denver but with an unincorporated Adams County location and a Denver mailing address. Versatile space suitable for manufacturing (Heavy, well-distributed power), distribution, R&D, or corporate headquarters (100% AC'd). Heavy power and liberal heavy industrial zoning. Strategically located in the much sought after North-Central sub-market with incredible access to major highways. Interstates 25, I-270, I-76, US-36 and I-76 are all just a couple minutes away (& located in an Enterprise Zone!). North unit has 16' clear & paved yard space that could be fenced. Starline TS aluminum track systems throughout providing relocatable circuit breaker/connection boxes with drop chords for free movement of equipment or assembly stations.  Well distributed pneumatic air lines throughout with several compressors for all work areas.  6.8% capitalization rate on the potential sale-leaseback unit (can be bought separately for $2,299,000), with a Proforma 8.23% capitalization rate if you lease the vacant unit on a full building sale. Or, the Seller can vacate and the Buyer can buy just the north unit or the entire building vacant.

FOR SALE DETAILS

PRICE

$3,970,000 USD

PRICE/SF

$131 USD /SF

CAP RATE

8.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

undefined, Showroom, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

3

PARKING SPACES

106

LAND DETAILS

LAND ACRES

1.56

LAND SF

67,954

ZONING

I-2

APN/PARCEL ID

1825-02-2-04-013

ASK ABOUT THIS PROPERTY

Stephen SerenyiColliersMore Info
303-283-4578

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Stephen SerenyiColliersMore Info
303-283-4578

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.