For Sale
$1,599,000

8690 Wolff Ct Westminster, CO 80031

15-Unit Office Building, High Occupancy

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This three-story, 10,984 square foot Class B executive office building in Westminster, Colorado is for sale at $1,599,000. Located at 8690 Wolff Ct, 80031, this multi-tenant property boasts 15 units with an 80% occupancy rate, generating a Net Operating Income (NOI) of $63,002 and a 3.94% cap rate. The building, constructed in 1984, sits on a 0.64-acre lot and is zoned C. The price per square foot is $145.58. Leases are gross, and the property is currently owner-occupied. The first floor is configured for individual tenants, including the current owner who occupies 1,900 square feet. The second floor is designed as executive suites, supported by a full-time receptionist providing services such as call answering, printing, and copying. The third floor includes a shared conference room and an additional tenant. This prime location offers convenient access to Highway 36 and Sheridan Boulevard, situated within a desirable office park. The seller is open to owner financing for a qualified buyer. This represents a unique opportunity to acquire a well-established, income-producing property with potential for increased revenue.

Property Details for 8690 Wolff Ct

Property type
Office properties
Square Feet
10,984 SF
Class
B
Year Built
1984
Buildings
1
Stories
3
Lot Size (sq. ft)
27,878 SF
Units
15

Location Insight

City
Westminster
County
Adams
State
Colorado
Latitude
39.8542275
Longitude
-105.0489377

FAQs

What type of property is this?
Office property - 15-Unit Office Building, High Occupancy
Where is the office property located?
The property is located at 8690 Wolff Ct Westminster, CO.
What is the asking price?
The asking price for this property is $1,599,000.
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8690 Wolff Ct
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