Historical Office Sale Listing - Remington College

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Remington College

11011 West 6th Avenue, Lakewood, CO 80215

N/A

32,625 SF | Office

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Remington College

Office Property - Off Market

Price:
N/A
Building Size:
32,625 SF
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Investment
Cap Rate:
7.50%
Tenancy:
Single
Year Built:
1973
Lot Size:
2.16 AC
Listing ID
14496625
Last Updated
over 1 year ago

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

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.

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

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