5959 39Th AveDenver, CO 80207

Property Details for 5959 39Th Ave

Year built

1976

Construction

STEEL FRAME

Lot size

1.85 AC

Property size (Sq ft)

54,210 SF

Zone code

I-A

Property type

Warehouses

APN

01203-00-088-000

APU

120300088000

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $14,825,188

  Hospitality

  $13,579,793

  Educational

  $11,298,228

  Medical

  $11,686,792

  Retail

  $17,575,022

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7717

Longitude

-104.919

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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