Active
12005 E 37th Avenue
Denver CO, 80239
$3,500,000
$180.93 per sqft
Active
19,344 sqft
Commercial
Built in 1996
**Exceptional Investment Opportunity in Prime Location - 6.1% Cap Rate, Absolute NNN** Presenting a rare chance to acquire a 19,000+ sf commercial industrial property in a high-growth market area. This one-story whole building is currently operating on an absolute NNN lease, boasting a compelling cap rate of 6.1%. This 37,000+ sf lot offers excellent visibility and signage opportunities. Situated just 1 mile from the Peoria Station A-Line + R-Line Light Rail / RTD Park and Ride, 2 miles from the Anschutz Medical/University Hospital, Children's Hospital Campus, 3 miles to the new Rocky Mountain VA Regional Medical Center, 4.8 miles from Dick's Sporting Goods Park and the Kroenke Victory Crossing development, and 15 minutes to DIA, this property is strategically positioned for success. The facility is currently leased to a long-term tenant through 3/31/2029, generating an impressive NOI. The lease includes an option to extend at a higher monthly rate through 3/31/2034. Meticulous maintenance has been a priority, evident as the building remains in top shape both inside and out. Updates are performed periodically by the tenant, with a full list of improvements including extensive HVAC, electrical, and plumbing modifications available by request. The mechanical systems are well cared for and the extensive parking complex is in excellent like new condition featuring 3 full-height door options, including dock height, drive-in, and rollup. During this long term owner's tenure the property has had a clean environmental and contamination record also free and clear of any encumbrances and easements. Owned and managed by a very involved and experienced Colorado commercial/industrial investor, this property has a history of extended sustainable tenancy and remains in A+ desirable condition. This is an exceptional opportunity for the astute investor looking to secure a prime commercial industrial property in a thriving area prime for growth and investment potential.
3272485
MLSⓇ ID
June 3, 2024
Listed
October 10, 2024
Updated
Map
12005 E 37th Avenue
Denver CO, 80239
Interior Features
Total Stories
1
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.86 Acres
Roof
Membrane
Sewer
Public Sewer
Other Property Details
Garage
No
Parking Total
0
View
No
County
Denver
Water Source
Public
Pool
No
Zoning
I-B, UO-2
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Data last updated 7:32 PM UTC, 10/10/2024
