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18364 E 104th Ave 7,000 SF Retail Building Commerce City, CO 80022 $2,415,000 ($345/SF) 5.50% Cap Rate
Investment Highlights
- Corporate guarantee by Genuine Parts Co.
- $500k in recent improvements
- 5 1/2 years remaining on lease before options periods. Two years until next rental increase
- Below market rents
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
B
Year Built
2007
Price
$2,415,000
Price Per SF
$345
Cap Rate
5.50%
NOI
$132,825
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.57 AC
Zoning
PUD - Planned Unit Development
Parking
19 Spaces (2.71 Spaces per 1,000 SF Leased)
Frontage
210’ on E 104th Ave
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1723-16-1-21-005 | Improvements Assessment | $308,500 |
| Land Assessment | $87,390 | Total Assessment | $395,890 |
Property Taxes
Parcel Number
1723-16-1-21-005
Land Assessment
$87,390
Improvements Assessment
$308,500
Total Assessment
$395,890
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18364 E 104th Ave
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