8774 Yates Dr - Office FOR SALE


Westminster, CO 80031- East Westminster
$4,200,000 USD
562-269-4844
8774 Yates Dr, Westminster, CO for Sale
$4,200,000 USD
Office - FOR SALE
1/12
null | 7.25% Cap Rate

8774 Yates Dr
Westminster, CO 80031
East Westminster


OVERVIEW

8774 Yates Drive located inWestminster, Colorado is an approximately 36,817 square foot professional office building. This building was constructed in 1985 and renovated in 2012. This property consists of three stories with an average floor plate of approximately 12,588 ft. The property is 96.92% leased by 15tenants. The average in place rents are$19.00 full service gross. The property has maintained a level of occupancy for the past few years and some tenants have commented that they choose this building because of the vaulted ceilings.The subject property consists of brick construction but features unique design qualities such as large windows with natural light, balconies, direct elevator exposure, central heating / air conditioning and 24 hour building access. Seller is currently spending nearly $50,000 to upgrade the existing balconies. The building is situated on a parcel of approximately 73,616 square feet. In the subject property an astute investor will find a quality stabilized asset priced well below replacement value with a steady steam of income from its diverse tenant mix.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$114 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8774 Yates Drive

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

PUD, Westminster

APN/PARCEL ID

1719-30-2-18-021

ASK ABOUT THIS PROPERTY

Camille MonizKimose Commercial Real EstateMore Info
562-269-4844

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Camille MonizKimose Commercial Real EstateMore Info
562-269-4844

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