For Sale
$3,513,900

6295 56Th AveCommerce City, CO 80022

Net Lease Investment, 15,900 SF, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 15,900-square-foot industrial warehouse located at 6295 E 56th Ave, Commerce City, CO 80022. The property, built in 1980, sits on a 2.07-acre lot and is zoned I-1. The warehouse boasts an 18-foot ceiling height, multiple oversized drive-in doors, and a dock platform, making it highly functional for distribution and warehousing operations. Currently leased to Terex, a national credit tenant listed on the NYSE (TEX), this net lease property offers a compelling 6% cap rate with attractive 3% annual escalations. The current lease term extends until March 31, 2029, providing long-term income stability. The property features heavy power, is exceptionally clean, and benefits from being located in an enterprise zone. The expansive yard is entirely usable, free from detention requirements. Additional features include excellent insulation and a sprinkler system. The asking price is $3,513,900, translating to $221 per square foot. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset with a strong tenant and significant upside potential.

Highlights

  • $3,513,900 asking price for a 15,900 SF industrial warehouse.
  • Net lease investment opportunity with a 6% cap rate and 3% annual escalations.
  • Leased to Terex (NYSE: TEX) until 3/31/29.
  • Located in Commerce City, CO (80022) on a 2.07-acre lot.
  • Features 18' ceilings, multiple drive-in doors, and a dock platform.

Property Details for 6295 56Th Ave

Property type
Warehouses, Industrial properties
Square Feet
15,900 SF
Class
C
Year Built
1980
Lot Size (sq. ft)
90,169 SF

Location Insight

City
Commerce City
County
Adams
State
Colorado
Latitude
39.7988068
Longitude
-104.9157981
6295 56Th Ave, Commerce City, Colorado

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6295 56Th Ave
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