5925 E Evans Ave - R&D FOR SALE


Denver, CO 80222- Virginia Village
$5,950,000 USD
303-668-4930
5925 E Evans Ave, Denver, CO for Sale
$5,950,000 USD
R&D - FOR SALE
1/35
null | 7.13% Cap Rate

5925 E Evans Ave
Denver, CO 80222
Virginia Village


HIGHLIGHTS

  • Mixed Use Commercial - Industrial - Retail - Office
  • Well Maintained Property
  • Mix of long and short term leases
  • Newly Renovated

OVERVIEW

5925 E. Evans Avenue presents a rare opportunity to acquire a 27,762 SF mixed-use industrial, office, and retail asset in one of Denver’s most supply-constrained infill submarkets. Built in 2016 and situated on 41,954 SF of I-MX-3 zoned land along the highly visible Evans Avenue corridor, the property features five drive-in doors, 18’ clear heights, 3-phase power, and a flexible small-bay layout that appeals to a wide range of users and tenants. Currently 94.6% occupied with a diverse rent roll across industrial, office, and retail tenants, the asset generates $424,390 in current NOI (7.13% cap rate) with a clear path to $555,690 in market NOI (9.34% cap rate) through lease-up of vacancy and rent normalization. Offered at $5,950,000 ($214/SF), the property is priced below replacement cost and below blended comparable values, creating both strong in-place cash flow and meaningful upside through continued stabilization and long-term appreciation in a high-demand central Denver location.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$266 USD /SF

CAP RATE

7.13%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

R&D

ADD'L SUBTYPES

Storefront Retail/Office, Warehouse, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2016

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.02

LAND SF

44,431

ZONING

I-MX-3

APN/PARCEL ID

6292-10-030

ASK ABOUT THIS PROPERTY

Jules 'JB' HochmanBrockman GroupMore Info
303-668-4930

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

Jules 'JB' HochmanBrockman GroupMore Info
303-668-4930

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