1289 4Th AveBrighton, CO 80601

Property Details for 1289 4Th Ave

Year built

2010

Lot size

1.35 AC

Property size (Sq ft)

12,470 SF

Property type

Office buildings

APN

R0179097

APU

R0179097

Description

This exceptional investment opportunity presents a fully occupied, Class B industrial warehouse totaling 21,070 square feet situated on a 1.35-acre lot in Brighton, Colorado. Built in 2010, the property boasts a desirable location just off Highway 85, providing easy access to E-470 and the Denver metro area. The warehouse features a multi-tenant configuration with three units, each offering significant advantages. Two units include mezzanine office space, while the third unit has the potential for similar expansion. The building's impressive features include a 16'-24' ceiling height, seven loading docks, and ample parking (52 spaces). Currently operating at 100% occupancy with below-market rents, this asset presents a compelling value-add opportunity for investors. The property is zoned I-1 and offers a strong net operating income (NOI) of $286,744, with a pro-forma NOI of $290,772, translating to a 6.91% cap rate and a pro-forma cap rate of 7.01%. The asking price is $4,150,000, representing a price per square foot of $196.96 and a price per unit of $1,383,333.33. This property is offered fee simple. The property benefits from its location in a rapidly growing submarket, anchored by distributors serving the Denver/Front Range region. With current market vacancy at 3.3% and average rent at $17 per square foot, this asset offers significant potential for future income growth.

• CAP approach

  CAP return

  Valuation

  6%

  $2,979,392

  6.5%

  $2,750,208

  7%

  $2,553,765

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,274,471

  Geo Method

  $1,030,271

• Alternative Use

  Use

  Valuation

  Residential Income

  $3,410,258

  Hospitality / Lodging

  $3,123,778

  Institutional / Educational

  $2,598,947

  Healthcare / Senior Housing

  $2,688,328

  Retail / Commercial

  $4,042,806

Location Insight

City

Brighton

County

Adams

State

Colorado

Latitude

39.9669

Longitude

-104.82

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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