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- LoopNet Team
153 Kalamath St
Denver, CO 80223
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Billboard Included In Sale!
- Modern Finish Throughout
- Pro Forma NOI = $48,366
- Security System
- Taxes - $16,384 / Year
- Owner Carry Financing Available
EXECUTIVE SUMMARY
The property is situated just minutes from I-25 and 6th Ave. in the Baker District, with easy access to both east- and west-bound Alameda and north- and south-bound Santa Fe. The ~1,000 SF first floor of this two-story property is currently configured to accommodate a modern 600 SF showroom along with 400 SF of indoor, secure, heated and cooled storage space with garage door access and direct access to an additional 225 SF of attached outdoor, dry and secure storage space. The ~1,000 SF second story consists of one executive office space along with an open bullpen area, bathroom and kitchenette. This property also has 6 dedicated parking spaces located in the rear and currently has a tenant in place on a month-to-month lease. Rent is $4,000/ mo. and does not include the storage space. Current NOI is $42,250 and could easily be increased through a new lease. This offers a current 7% cap rate with the opportunity to increase the income. Taxes are approximately $16,384. Included in the sale is a Billboard generating $7,250/year in rent!
PROPERTY FACTS
