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100 S Madison St
Denver, CO 80209
The Madison Exchange · Office Property For Sale
Investment Highlights
- Cherry Creek North and East neighborhoods and across from Gates Tennis Center (public)
- Great parking on site and street. Rents way below Cherry Creek North rents
- Modern distinctive architecture by Richard Crowther
Executive Summary
Excellent investment/redevelopment "covered land play". Collect income while you hold the property for future redevelopment. Or, this could be a user/owner opportunity for the right buyer; many of the leases are short term and as much as 5,000 SF could be made available for a user buyer. This is one of only 4 corners in the heart of Cherry Creek East with this C-MX-3 zoning allowing both commercial and residential uses. Since 2001 the owner has owned and managed this property with great care including regular maintenance and a new roof in 2019 and one new HVAC rooftop unit.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
11,349 SF
Building Class
B
Year Built
1970
Price
$6,000,000
Price Per SF
$528.68
Cap Rate
2.64%
NOI
$158,313
Percent Leased
95%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,000 SF
Slab To Slab
10’
Building FAR
0.90
Lot Size
0.29 AC
Zoning
C-MX-3, Denver - Allows mixed use, retail, office and residential
Parking
29 Spaces (3 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 5125-21-001 | Improvements Assessment | $261,580 |
| Land Assessment | $261,580 | Total Assessment | $299,060 |
Property Taxes
Parcel Number
5125-21-001
Land Assessment
$261,580
Improvements Assessment
$261,580
Total Assessment
$299,060
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