1955 Sheridan BlvdDenver, CO 80227
For Sale
$13,640,000
High-performing fitness center, strong lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 125
Highlights
- 13 years remaining on a Vasa Fitness lease with 10% rent increases every 5 years.
- Assumable CMBS loan at 4.88% fixed interest, maturing 6/1/2029, with a balance of approximately $7.4M, annual debt service of $508,332, and a 1% prepayment penalty.
- Top-performing Vasa Fitness location system-wide in total membership and revenue, and #2 in EBITDA.
- Located in a densely populated Southwest Denver trade area, approximately 5.5 miles from downtown Denver, with a population of 386,065 within a 5-mile radius and 160,500 within a 3-mile radius.
- Investment features a growing national tenant, Vasa Fitness, one of the top 20 largest health club operators in the country.
- KeyBank ATM pad site (0.46 acres) generating approximately $26,400 annual NOI.
Property Details for 1955 Sheridan Blvd
- Property type
- Retail properties, Retail space
- Square Feet
- 60,660 SF
- Year Built
- 2017
- Lot Size (sq. ft)
- 261,360 SF
Location Insight
- City
- Denver
- County
- Denver
- State
- Colorado
- Latitude
- 39.681176113537
- Longitude
- -105.05477650409
1955 Sheridan Blvd, Denver, Colorado
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-performing fitness center, strong lease.
- Where is the retail property located?
- The property is located at 1955 Sheridan Blvd Denver, CO.
- What is the asking price?
- The asking price for this property is $13,640,000.
- What are key features of this property?
- This property features: 13 years remaining on a Vasa Fitness lease with 10% rent increases every 5 years.; Assumable CMBS loan at 4.88% fixed interest, maturing 6/1/2029, with a balance of approximately $7.4M, annual debt service of $508,332, and a 1% prepayment penalty.; Top-performing Vasa Fitness location system-wide in total membership and revenue, and #2 in EBITDA.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Visit Broker Website