For Sale
$6,500,000

5959 39Th AveDenver, CO 80207

54,210 SF Warehouse, $6.5M

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Denver industrial property offers 54,210 square feet of warehouse space on a 1.85-acre lot at 5959 E 39th Ave, Denver, CO 80207. Built in 1967, this single-story building features two units, one currently occupied and one available for owner-user occupancy or leasing. The property boasts 30 parking spaces, two dock-high doors, and heavy HVAC with 40+ RTUs. The I-A zoning allows for a variety of uses. The asking price is $6,500,000, translating to $119.90 per square foot. The current tenant occupies 14,143 square feet, while the remaining 40,067 square feet (including approximately 4,000 square feet of office space) is available. An investor could potentially achieve a 7.5% cap rate by leasing the vacant space at $11 per square foot, triple net (NNN). The property's prime location on East 39th Avenue and Holly Street, with close proximity to I-70, offers excellent accessibility and strong area demographics. Rent bumps are included in the lease agreement. Occupancy is available May 8, 2024. This presents a unique opportunity for both owner-users and investors seeking a strong return in a desirable Denver location.

Highlights

  • $6,500,000 asking price for this 54,210 square foot industrial warehouse in Denver, CO.
  • Owner-user or investor opportunity; 54,210 SF total, with potential for owner occupancy of 40,067 SF and lease of remaining space.
  • Located at 5959 E 39th Ave, Denver, CO 80207, on a 1.85-acre lot.
  • Features 2 dock-high doors, 30 parking spaces, and heavy HVAC.
  • Built in 1967, with I-A zoning. NNN lease, 1 tenant currently occupying a portion of the building. May 8, 2024 occupancy date.
  • Broker co-op available. Rent bumps are permitted.

Property Details for 5959 39Th Ave

Property type
Warehouses, Industrial properties
Square Feet
54,210 SF
Year Built
1967
Buildings
1
Stories
1
Lot Size (sq. ft)
80,586 SF
Units
2

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.7720472
Longitude
-104.9192114
5959 39Th Ave, Denver, Colorado

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5959 39Th Ave
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