For Sale
$4,400,000

8774 Yates DrWestminster, CO 80031

Westminster, CO Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional three-story, 36,817 square foot office building in Westminster, Colorado, presents a compelling investment opportunity. Built in 1985 and renovated in 2012, the property boasts a prime location at 8774 Yates Dr, within Adams County. Currently 100% occupied by 15 tenants, generating a substantial net operating income (NOI) of $301,278 and a 6.85% cap rate, this stabilized asset offers a strong return on investment. The asking price is $4,400,000, translating to a price per square foot of $119.51. Features include 120 parking spaces, a 1.69-acre lot, and attractive design elements such as large windows, balconies, and direct elevator access. The building benefits from central heating and air conditioning, 24-hour access, and a diverse tenant mix. The property's PUD zoning and approximately 12,588 square foot average floor plates contribute to its value and potential. This is a well-maintained Class B office building offering a stable income stream and significant upside potential. The property's strong occupancy rate and below-market price per square foot make it an attractive investment for discerning buyers. The building's unique architectural features and convenient location further enhance its appeal. Detailed financial information is available upon request.

Highlights

  • $119.51/SF price, market-rate rents, and 100% occupancy.
  • Diverse tenant mix of local, regional, and national companies.
  • Unique architectural design.

Property Details for 8774 Yates Dr

Property type
Office properties
Square Feet
36,817 SF
Class
B
Year Built/Renovated
1985/2012
Buildings
1
Stories
3
Lot Size (sq. ft)
73,616 SF

Location Insight

City
Westminster
County
Adams
State
Colorado
Latitude
39.8556483
Longitude
-105.0503552
8774 Yates Dr, Westminster, Colorado

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8774 Yates Dr
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