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950 Simms Street 2 Properties Offered at $4,950,000 in Lakewood, CO
Investment Highlights
- $435,254 in Net Income currently (7.00% cap) with a Proforma Net Income of $468,254 (9.46% cap)
- Huge Fenced Yard!
- 7 minute walk to Oak Street Light Rail stop in the very tight West Denver submarket
- Potential for a User buyer to occupy more than the 8,800sqft that is currently vacant
- Great Visibility and Access to busy Simms Street (approx 30,000 VPD)
- Quick and Easy access to both the 6th Avenue Freeway & I-70 via Simms Street
Executive Summary
Owner User has the Potential to Occupy more than the 8,800sqft vacancy if interested.
Retail/showroom exposure on heavy traffic Simms St.
(30,000 VPD)
Fenced and fully paved yard (Two (2) acres) with Four (4)
drive-in doors and one (1) dock high door
7 minute walk from Oak Street Light Rail in the very tight
West Denver submarket
Highly accessible to 6th Avenue & I-70
Building is 2/3 leased to 2 tenants with an in-place net
income of $435,254 (7% capitalization rate) and a proforma
annual net rent of $468,254 or a 9.46% capitalization rate.
Retail/showroom exposure on heavy traffic Simms St.
(30,000 VPD)
Fenced and fully paved yard (Two (2) acres) with Four (4)
drive-in doors and one (1) dock high door
7 minute walk from Oak Street Light Rail in the very tight
West Denver submarket
Highly accessible to 6th Avenue & I-70
Building is 2/3 leased to 2 tenants with an in-place net
income of $435,254 (7% capitalization rate) and a proforma
annual net rent of $468,254 or a 9.46% capitalization rate.
Property Facts
| Price | $4,950,000 | Number of Properties | 2 |
| Price / SF | $217.11 / SF | Individually For Sale | 0 |
| Cap Rate | 9.46% | Total Building Size | 22,800 SF |
| Sale Type | Investment or Owner User | Total Land Area | 3.92 AC |
| Status | Active |
| Price | $4,950,000 |
| Price / SF | $217.11 / SF |
| Cap Rate | 9.46% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 22,800 SF |
| Total Land Area | 3.92 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 950 Simms St, Lakewood, CO 80401 | Flex | 15,800 SF | 1965 | - |
| 950 Simms St, Lakewood, CO 80401 | Industrial | 7,000 SF | 1965 | - |
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950 Simms Street
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