For Sale
$1,800,000

3301 42Nd Ave Denver, CO 80216

10,355 SF Industrial Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
138
This Denver, CO industrial property at 3301 E 42nd Ave offers a compelling investment or owner-user opportunity. The 10,355 square foot building, constructed in 1963, sits on a 13,612 square foot lot and is zoned I-A. Currently featuring a mix of leased and vacant space, the property boasts 6,140 square feet of net rentable area available, with a current occupancy of 40%. The asking price is $1,800,000, representing a price per square foot of $173.83 and a pro-forma cap rate of 7.11%. The property includes three loading docks, a 12-foot ceiling height, and is fully sprinklered with heavy power. The existing lease is a triple net (NNN) multi-tenant agreement with a remaining term of approximately 2.4 years (expiring March 31, 2027), generating a current NOI of $52,687 and a pro-forma NOI of $128,000. The building is easily divisible into smaller units, with separate meters already in place. This single-story structure presents a versatile space suitable for distribution, manufacturing, or warehouse operations. The property's location in Denver, CO, zip code 80216, offers convenient access to major transportation routes.

Highlights

  • 10,355 SF industrial building on a 13,612 SF lot in Denver, CO (80216).
  • $1,800,000 asking price, $173.83/SF, 7.11% pro-forma cap rate.
  • 6,140 SF of net rentable area available; 40% occupancy.
  • Three loading docks, 12' ceilings, sprinkler system, heavy power, I-A zoning.
  • NNN multi-tenant lease (2.4 years remaining), $52,687 current NOI, $128,000 pro-forma NOI.

Property Details for 3301 42Nd Ave

Property type
Warehouses, Industrial properties
Square Feet
10,355 SF
Year Built
1963
Buildings
1
Stories
1

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.7755139
Longitude
-104.9485225

FAQs

What type of property is this?
Warehouse - 10,355 SF Industrial Investment Opportunity
Where is the warehouse located?
The property is located at 3301 42Nd Ave Denver, CO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 10,355 SF industrial building on a 13,612 SF lot in Denver, CO (80216).; $1,800,000 asking price, $173.83/SF, 7.11% pro-forma cap rate.; 6,140 SF of net rentable area available; 40% occupancy.
How can I contact the broker?
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3301 42Nd Ave
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