5265 Vance StArvada, CO 80002
- Healthcare properties
- 16,262 SF
Property Details for 5265 Vance St
- Year built
- 1986
- Construction
- STEEL FRAME
- Lot size
- 1.00 AC
- Property size (Sq ft)
- 16,262 SF
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 39-141-14-003
- APU
- 3914114003
Description
This exceptional investment opportunity presents a fee-simple interest in a 16,280-square-foot medical office building in Arvada, Colorado. The property is 100% occupied by Innovative Renal Care under a 10-year absolute NNN lease (expiring June 30, 2033), providing a stable and predictable income stream. The lease includes a 2% annual rent increase, ensuring consistent growth in net operating income (NOI). The building, constructed in 1986 and renovated in 2007, sits on a 43,604-square-foot lot (approximately one acre) at 5265 Vance St, Arvada, CO 80002. Its prime location near the intersection of Wadsworth Boulevard and West 52nd Avenue offers high visibility and accessibility within a densely populated area. The tenant, Innovative Renal Care, is a reputable provider of dialysis services, providing a strong credit tenant with a corporate guarantee. The property's current annual NOI is $398,534. This investment offers a compelling combination of stability, growth potential, and minimal landlord responsibilities, making it an attractive addition to any portfolio seeking long-term, reliable returns. The lease commenced July 1, 2023, leaving nine years remaining. The property benefits from a strong demographic profile, with over 365,000 people residing within a five-mile radius and average household incomes exceeding $100,000. This presents a rare opportunity to acquire a stabilized, income-producing asset in a thriving market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,988,556
- 6.5%
- $2,758,667
- 7%
- $2,561,620
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,309,408
- Geo Method
- $1,343,566
-
Alternative Use
- Use
- Valuation
- Residential
- $3,420,748
- Hospitality
- $3,133,386
- Educational
- $2,606,940
- Medical
- $2,696,597
- Retail
- $4,055,241
Location Insight
- City
- Arvada
- County
- Jefferson
- State
- Colorado
- Latitude
- 39.7922
- Longitude
- -105.079
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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