950 Simms Street FOR SALE


Lakewood, CO - Daniels
$4,950,000 USD
303-283-4578
, Lakewood, CO for Sale
$4,950,000 USD
FOR SALE
1/14
null | 9.46% Cap Rate

950 Simms Street
Lakewood, CO
Daniels


HIGHLIGHTS

  • $435,254 in Net Income currently (7.00% cap) with a Proforma Net Income of $468,254 (9.46% cap)
  • Potential for a User buyer to occupy more than the 8,800sqft that is currently vacant
  • Huge Fenced Yard!
  • Great Visibility and Access to busy Simms Street (approx 30,000 VPD)
  • 7 minute walk to Oak Street Light Rail stop in the very tight West Denver submarket
  • Quick and Easy access to both the 6th Avenue Freeway & I-70 via Simms Street

OVERVIEW

Owner User has the Potential to Occupy more than the 8,800sqft vacancy if interested. Retail/showroom exposure on heavy traffic Simms St. (30,000 VPD) Fenced and fully paved yard (Two (2) acres) with Four (4) drive-in doors and one (1) dock high door 7 minute walk from Oak Street Light Rail in the very tight West Denver submarket Highly accessible to 6th Avenue & I-70 Building is 2/3 leased to 2 tenants with an in-place net income of $435,254 (7% capitalization rate) and a proforma annual net rent of $468,254 or a 9.46% capitalization rate.

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.