1250 Simms StGolden, CO 80401

Property Details for 1250 Simms St

Year built

1964

Lot size

2.36 AC

Property size (Sq ft)

54,416 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional industrial investment opportunity presents a 54,416-square-foot, fully leased Class B distribution, manufacturing, and warehouse facility located at 1250 Simms Street in Lakewood, Colorado. The property boasts a strong 7.01% cap rate and a Net Operating Income (NOI) of $552,427. Built in 1964 and situated on a 2.36-acre lot, the single-story building features six loading docks, one dock-high door, and impressive ceiling heights ranging from 16 to 18 feet. The property is currently 100% occupied by five tenants with a history of long-term operations, offering varied rent bumps. An assumable loan of approximately $2,885,000 is available at 5.5% interest, amortized over 12 years with a balloon payment in August 2033. The property benefits from a new roof installed in 2018, under warranty until October 2028, updated electrical systems, and LED lighting. Conveniently located with easy access to major interstates and adjacent to the Light Rail, this property also includes 78 parking spaces. Extensive environmental monitoring for over two decades shows significantly decreasing levels; additional data is available upon request. Bank financing is readily available, comfortable with the existing environmental monitoring and status. The seller will guarantee the rent on Unit 103 for up to one year, making this a compelling opportunity for both investors and owner-users. The property is zoned LI-RD (Light Industrial).

Location Insight

City

Golden

County

Jefferson

State

Colorado

Latitude

39.7159

Longitude

-105.231

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