7800 S Elati St - Medical FOR SALE


Littleton, CO 80120
$3,850,000 USD
720-635-4591
7800 S Elati St, Littleton, CO for Sale
$3,850,000 USD
Medical - FOR SALE
1/32
null | 5.99% Cap Rate

7800 S Elati St
Littleton, CO 80120


OVERVIEW

NavPoint Real Estate Group is pleased to present 7800 S. Elati Street, a 26,835-square-foot multi-tenant office building, as per Arapahoe County records, located in Littleton’s Southpark submarket. Priced at $3,850,000, the offering pairs stable, in-place income, with clear day-one upside. At only approximately 73% occupied, there are four suites ready to lease. Additionally, in-place leases are at well below market rents for the sub-market, and there is an excellent opportunity to leverage the building’s actual square footage as reflected in county records compared to the rent roll square footage of only 24,793. As a result, a new owner can find several ways to grow income and add value quickly. With an All-Cash IRR of of 13.52%, leveraged IRR of 21.06% and a stabilized Cap Rate of over 10%, this asset is prime for investment. Location is ideal sitting just off C-470 and Broadway, across from the new Costco now under construction and a planned multi-family development, offering quick access to E-470, Santa Fe, and the full Southpark retail corridor. The three-story asset on 1.22 acres is extremely well maintained showing pride of ownership, with a high parking ratio of 4.1/1,000 and a suite mix skewed toward smaller offices, the product that stays in demand in the current office environment. That mix has driven strong retention, with tenants renewing year after year and no single lease carrying the rent roll.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

5.99%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vista at Southbridge

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

138

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

AA1

APN/PARCEL ID

2077-34-2-01-002

ASK ABOUT THIS PROPERTY

Matt KulbeNavPoint Real Estate GroupMore Info
720-635-4591

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Matt KulbeNavPoint Real Estate GroupMore Info
720-635-4591

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