$3,500,000
Active
15 Days Online
0 Beds0 Baths19,344 SQFT
Active

12005 E 37th Avenue Denver, CO 80239

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**Exceptional Investment Opportunity in Prime Location - 6.1% Cap Rate, Absolute NNN** Presenting a rare chance to acquire a 19, 000+ sf commercial industrial property in a high-growth market area. This one-story whole building is currently operating on an absolute NNN lease, boasting a compelling cap rate of 6.1%. This 37, 000+ sf lot offers excellent visibility and signage opportunities. Situated just 1 mile from the Peoria Station A-Line + R-Line Light Rail / RTD Park and Ride, 2 miles from the Anschutz Medical/University Hospital, Children's Hospital Campus, 3 miles to the new Rocky Mountain VA Regional Medical Center, 4.8 miles from Dick's Sporting Goods Park and the Kroenke Victory Crossing development, and 15 minutes to DIA, this property is strategically positioned for success. The facility is currently leased to a long-term tenant through 3/31/2029, generating an impressive NOI. The lease includes an option to extend at a higher monthly rate through 3/31/2034. Meticulous maintenance has been a priority, evident as the building remains in top shape both inside and out. Updates are performed periodically by the tenant, with a full list of improvements including extensive HVAC, electrical, and plumbing modifications available by request. The mechanical systems are well cared for and the extensive parking complex is in excellent like new condition featuring 3 full-height door options, including dock height, drive-in, and rollup. During this long term owner's tenure the property has had a clean environmental and contamination record also free and clear of any encumbrances and easements. Owned and managed by a very involved and experienced Colorado commercial/industrial investor, this property has a history of extended sustainable tenancy and remains in A+ desirable condition. This is an exceptional opportunity for the astute investor looking to secure a prime commercial industrial property in a thriving area prime for growth and investment potential.

  • Property TypeCommercial
  • NeighborhoodN/A
  • CountyDenver
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site15 Days
  • MLS StatusActive
  • MLS ID Number3272485
  • Home Size Source N/A
  • Year Built1996
  • Lot Size0.86 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Construction Concrete
  • Parking Spaces 0
  • Sewer Public Sewer
  • Number of Stories 1
  • Acreage 0.86
  • Water Public
  • Property Sub Type Industrial
  • Garage Spaces 0
  • Attached Garage No
  • Zoning I-B, UO-2

Interior Features

  • Fireplace No

Exterior Features

  • Roof Membrane
  • Spa No
  • Waterfront Property No

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Monthly Payment (Est.)

$18,535
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