This Office Property is Off-Market.

11011 West 6th Avenue
Lakewood, CO 80215 ·

32,625 SF · Office For Sale

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Remington College

Price N/A Cap Rate 7.50%
Building Size 32,625 SF Tenancy Single
Property Type Office Year Built 1973
Property Sub-type Office Building Lot Size 2.16 AC
Property Use Type Investment
Listing ID: 14496625 Date Created: 02/09/2006 Last Updated: 04/12/2006

Description

11011 West 6th Avenue was built in 1973 as a multi-tenant building. In 2000, Remington College completely rebuilt the interior investing $1,000,000 and previous owner investing over $400,000. There are currently four years remaining on the lease, with 3% annual escalators. This excellent cash flow opportunity is perfect for any 1031 exchange buyer.

11011 West 6th Avenue is located two blocks east of the Simms Union Blvd on the Highway 6 Frontage Road, at the NEC of Parfet Street. High Visibility from 6th Avenue. This location is the main campus for the following branches: Colorado Springs, CO; Dallas, TX; Honolulu, HI; and Tempe, AZ.

Highlights

  • Excellent Long Term Investment Opportunity
  • Interior Completely Rebuilt in 2000 with Tenant Investing $1,000,000 and previous owner investing over $400,000
  • Seller has one time right on 2/07 to terminate lease, with payment penalty of $466,932
  • Seller will transfer escrow amount of $200,000 if tenant vacates

Research

11011 West 6th Avenue, Lakewood, CO 80215 (Jefferson County)

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