Start of property details
12005 E 37th Avenue
Denver, 80239
FOR
SALE
$3,500,000
Active
19,344
Sq.Ft.
0.86
Acres
1996
Yr. Built
MLS# 6301990
Cumulative Days on Market: Less than 1
(since
March 4th, 2025)
Data provided by the MLS.
Property Details
* * 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 Highlights
Price
$3,500,000
Property Type
Commercial Sale
Property Sub Type
Industrial
Acres
0.86
Year Built
1996
Location
County
Denver
Zoning
I-B, UO-2
Property Details
Price
$3,500,000
Property Sub Type
Industrial
Property Type
Commercial Sale
Building
Total Area
19,344
Interior Features
Interior Features
Door Features
Dock Door(s), Drive In Door(s)
Building Details
Construction
Year Built
1996
Materials
Construction Materials
Concrete
Roof
Membrane
Terms
Commercial
Cap Rate
6.31
Terms
Exclusions
TBD
Special Terms
Cash, Conventional
Heating, Cooling & Utilities
Utilities
Sewer
Public Sewer
Water Source
Public
Lot
Acres
0.86
Lot Size
37,657
Lot Size Area Sq Ft
37,657
Listed by The Creed Group, results@thecreedgroup.com, 720-365-7174.
Listing Data last updated 03/04/2025 03:20 am
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Status Active. This is the date the listing was placed on market.
NOTE: Cumulative Days on Market: Less than 1.
Data provided by the MLS.
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Listing Data last updated: 03/04/2025 03:20 am
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Listed by The Creed Group
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