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W 38th Ave & Lowell Blvd - Emery West Highland- Plaza 38 Retail Condos 8,522 - 22,041 SF Office/Retail Condo Units Offered at $3,200,000 - $8,990,000 Per Unit in Denver, CO 80211
Investment Highlights
- 2017 construction, one floor, 14 units in total, 171 parking space on surface and lower garage
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Sale Conditions | 1031 Exchange, Sale Leaseback |
| Cap Rate | 6.77% | APN/Parcel ID | 02292-04-080-080 |
| No. Parking Spaces | 171 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.77% |
| No. Parking Spaces | 171 |
| Sale Conditions | 1031 Exchange, Sale Leaseback |
| APN/Parcel ID | 02292-04-080-080 |
Description
Retail A of Plaza 38 at Lowell retail condo is a 22,041 square feet ground floor mixed retail, office, and commercial space. Its tenants include a physical therapist, real estate and accounting, professional office spaces, complimented by a new nationally franchised music school, math tutoring, dental nail salon and a national bank. It includes 48 full time surface parking spaces and 123 in the lower level. Retail B can be combined with Retail B at $4,500,000 with a potential seller lease back at a total price of $13,440,000.
Sale Notes
Bring your 1031 exchange buyers, institutional buyer or owner user.
| Sale Type | Investment or Owner User | Sale Conditions | 1031 Exchange, Sale Leaseback |
| Cap Rate | 6.66% | APN/Parcel ID | 02292-04-081-081 |
| No. Parking Spaces | 171 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.66% |
| No. Parking Spaces | 171 |
| Sale Conditions | 1031 Exchange, Sale Leaseback |
| APN/Parcel ID | 02292-04-081-081 |
Description
Plaza 38 Food is a 6-unit food hall with three full kitchens and PCU supported
exhaust systems. It also contains an Acai' vendor, Colombian food kitchen and full-service bar. Combined seating is approximately 200 plus two outdoor patios.
Great for owner/user or multi-unit rental.
exhaust systems. It also contains an Acai' vendor, Colombian food kitchen and full-service bar. Combined seating is approximately 200 plus two outdoor patios.
Great for owner/user or multi-unit rental.
Sale Notes
Unique neighborhood decor. FFE, art, memorabilia, cabaret liquor license and business opportunities sold separately. Seller carry terms available
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit A | 22,041 SF | Office/Retail | $8,990,000 ($407.88/SF) | $608,340 |
| Unit B | 8,522 SF | Office/Retail | $3,200,000 ($375.50/SF) | $213,050 |
Unit A
| Unit Size |
| 22,041 SF |
| Condo Use |
| Office/Retail |
| Price |
| $8,990,000 ($407.88/SF) |
| NOI |
| $608,340 |
Unit B
| Unit Size |
| 8,522 SF |
| Condo Use |
| Office/Retail |
| Price |
| $3,200,000 ($375.50/SF) |
| NOI |
| $213,050 |
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Unit A
| Unit Size | 22,041 SF |
| Condo Use | Office/Retail |
| Price | $8,990,000 ($407.88/SF) |
| NOI | $608,340 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.77% |
| No. Parking Spaces | 171 |
| Sale Conditions | 1031 Exchange, Sale Leaseback |
| APN/Parcel ID | 02292-04-080-080 |
| Description | |
| Retail A of Plaza 38 at Lowell retail condo is a 22,041 square feet ground floor mixed retail, office, and commercial space. Its tenants include a physical therapist, real estate and accounting, professional office spaces, complimented by a new nationally franchised music school, math tutoring, dental nail salon and a national bank. It includes 48 full time surface parking spaces and 123 in the lower level. Retail B can be combined with Retail B at $4,500,000 with a potential seller lease back at a total price of $13,440,000.</li></ul> | |
| Sale Notes | |
| Bring your 1031 exchange buyers, institutional buyer or owner user.</li></ul> |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit B
| Unit Size | 8,522 SF |
| Condo Use | Office/Retail |
| Price | $3,200,000 ($375.50/SF) |
| NOI | $213,050 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.66% |
| No. Parking Spaces | 171 |
| Sale Conditions | 1031 Exchange, Sale Leaseback |
| APN/Parcel ID | 02292-04-081-081 |
| Description | |
| Plaza 38 Food is a 6-unit food hall with three full kitchens and PCU supported<br> exhaust systems. It also contains an Acai' vendor, Colombian food kitchen and full-service bar. Combined seating is approximately 200 plus two outdoor patios.<br> Great for owner/user or multi-unit rental.</li></ul> | |
| Sale Notes | |
| Unique neighborhood decor. FFE, art, memorabilia, cabaret liquor license and business opportunities sold separately. Seller carry terms available</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
Site Amenities
- 24 Hour Access
- Clubhouse
- Fitness Center
- Pool
- Car Charging Station
- Conference Rooms
- Lounge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 103 | - | 542 - 661 |
| 1+1 | 162 | - | 622 - 1,288 |
| 2+1 | 1 | - | 1,000 |
| 2+2 | 56 | - | 1,018 - 1,305 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
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W 38th Ave & Lowell Blvd - Emery West Highland- Plaza 38 Retail Condos
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