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1187 E 68th Ave 30,243 SF Vacant Industrial Building Denver, CO 80229 $3,970,000 ($131.27/SF) 8.23% Cap Rate



Investment Highlights
- South Unit is leased for 5-Years for $156,233/year Net Providing Great Income for a Buyer
- Unincorporated Adams County location (with a Denver mailing Address) for a low tax base
- Heavy Power that's well distributed, & liberal heavy industrial zoning, 100% AC'd
- North unit has 16' clear & paved yard space that could be fenced. Pneumatic air lines throughout w/several compressors for all work areas
- CENTRAL Location with Immediate Access to I-25, I-76, US-36, I-270, and I-70, & located in an Enterprise Zone!
- North & South half can be bought individually/separate depending if you want an investment or to occupy
Executive Summary
Two units can be sold separately to an investor or a user, or can be combined for a great price to a user looking to collect $156,233/year in Net income from the leased unit. Unique user or investment sale in the heart of Denver but with an unincorporated Adams County location and a Denver mailing address. Versatile space suitable for manufacturing (Heavy, well-distributed power), distribution, R&D, or corporate headquarters (100% AC'd). Heavy power and liberal heavy industrial zoning. Strategically located in the much sought after North-Central sub-market with incredible access to major highways. Interstates 25, I-270, I-76, US-36 and I-76 are all just a couple minutes away (& located in an Enterprise Zone!). North unit has 16' clear & paved yard space that could be fenced. Starline TS aluminum track systems throughout providing relocatable circuit breaker/connection boxes with drop chords for free movement of equipment or assembly stations. Well distributed pneumatic air lines throughout with several compressors for all work areas.
6.8% capitalization rate on the leased unit (can be bought separately for $2,299,000), with a Proforma 8.23% capitalization rate if you lease the vacant unit on a full building sale. Or, the north unit can be bought vacant for $2,418,000
6.8% capitalization rate on the leased unit (can be bought separately for $2,299,000), with a Proforma 8.23% capitalization rate if you lease the vacant unit on a full building sale. Or, the north unit can be bought vacant for $2,418,000
Property Facts
Amenities
- Security System
- Signage
- Reception
- Storage Space
- Air Conditioning
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1825-02-2-04-013 | Improvements Assessment | $970,890 |
| Land Assessment | $203,860 | Total Assessment | $1,174,750 |
Property Taxes
Parcel Number
1825-02-2-04-013
Land Assessment
$203,860
Improvements Assessment
$970,890
Total Assessment
$1,174,750
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1187 E 68th Ave
