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Browse More Listings in Shopping Center For Sale, Denver, CO or Colorado

Shopping Center For Sale

Hilltop Center

5075 Leetsdale, Denver, CO 80246

Price:
$6,650,000
Gross Leasable Area:
35,043 SF
Price/SF:
$189.77
Property Type:
Shopping Center
Property Sub-type:
Neighborhood Center
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
8.02%
Occupancy:
100%
No. Stories:
2
Tenancy:
Multiple
Year Built:
2001
Lot Size:
1.53 AC
Parking Ratio:
4.81 / 1,000 SF
Find Out More...

Last Verified 11/5/2009 Listing ID 15716256

Highlights

Interest Only, Non Recourse assumable loan at 6.17%

Description

9.5% cash on cash with 3% annual rent increases.INTEREST ONLY NON RECOURSE ASSUMABLE LOAN 6.17%. Shadow anchor to new King Soopers Grocery, tenants includes long term leases and second generation leases. High quality construction on this 2001 brick faced building situated on 1.53 achers. The building includes 17,543 foot street level shopping area and an additional 17,500 square foot lower level for a combined area of 35,043 square feet.

Located in the proximity of the high end Cherry Creek shopping district, the Center faces Leetsdale, a street with a traffic count of approximately 46,000 cars per day. A new King Soopers Supermarket soon opening nearby.

Financial Summary

Debt & Equity Information

Proforma
Year
2009
Scheduled Gross Income
$666,934
Effective Gross Income
$666,934
Operating Expenses
$159,397
Net Operating Income
$507,537
Pre-Tax Cash Flow
$252,604

Map of 5075 Leetsdale, Denver, CO 80246 (Denver County)

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Presented by

Tamberly Enterprises

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Contact Listing Broker

Kimberly Horning (303) 931-8580

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Created 5/16/2008

Additional Information for 5075 Leetsdale Drive, Denver, CO 80246

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 8 Historic Listings
Sales Comparables Available - 2 RecentSales Records

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Shopping Center Property For Sale - Hilltop Center

5075 Leetsdale, Denver, CO, 80246