For Sale
$1,499,900

5945 Ward RdArvada, CO 80004

Class A Office, Multi-Use Potential

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Class A, two-story office building, totaling 6,354 square feet, is situated on a generous 0.86-acre lot in Arvada, Colorado. Built and renovated in 2009, the property boasts high-end finishes including designer tile, high-grade carpet and LVP flooring, custom wood trim, and updated HVAC, plumbing, and electrical systems. The building features two main entrances, one on each level, providing convenient access. The lower level, which is above grade with full-sized windows, includes six large offices, two conference rooms, a full kitchen, and a bathroom. The upper level offers a large foyer, seven private offices, a large conference room, a workspace with cabinetry and granite countertops, two bathrooms, and a spacious eat-in kitchen with appliances. Ample parking is available in a large, lighted asphalt lot, along with a secured dumpster area and mailbox. The property's prime location near major thoroughfares (72nd, 64th Avenues), highways (I-70, C-470, I-25, and Hwy 93), shopping, restaurants, and Olde Town Arvada, ensures high visibility and accessibility. The zoning permits various uses, including multi-tenant, medical, dental, and professional office spaces. The expansive lot allows for the potential construction of an additional freestanding building. The property offers a strong investment opportunity with a 9% cap rate and a net operating income (NOI) of $135,000. Asking price is $1,499,900.

Highlights

  • $1,499,900 asking price for a Class A, 6,354 square foot office building.
  • 9% cap rate with a $135,000 NOI.
  • Located on a 0.86-acre lot in Arvada, CO, allowing for potential expansion.
  • Two-story building with two main entrances, offering versatile space suitable for various uses, including medical and dental.
  • High-end finishes throughout, including updated HVAC, plumbing, and electrical systems.

Property Details for 5945 Ward Rd

Property type
Specialty properties, Office properties
Square Feet
6,354 SF
Class
A
Year Built/Renovated
2009/2009
Buildings
1
Stories
2

Location Insight

City
Arvada
County
Jefferson
State
Colorado
Latitude
39.8046308
Longitude
-105.1382579
5945 Ward Rd, Arvada, Colorado

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5945 Ward Rd
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