5347 Sherman StDenver, CO 80216

Property Details for 5347 Sherman St

Year built

1986

Lot size

1.75 AC

Property size (Sq ft)

17,980 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

R0104080

APU

R0104080

Description

This exceptional 17,980-square-foot warehouse, situated on a 1.75-acre lot in Denver's Adams County, presents a compelling investment opportunity. Currently leased long-term to Lion Electric Co. (NYSE: LEV), the property boasts a strong 5% cap rate with annual increases, ensuring a steady return on investment. Built in 1986 and extensively renovated in 2021, the warehouse features six 12'x14' drive-in doors (expandable), a 5-ton bridge crane, and a substantial 17'-20' clear height warehouse area. The property also includes 1,400 square feet of office space, recently updated with new restrooms, HVAC, and other improvements. Exterior enhancements include high-bay and exterior LED lighting, fresh paint, and upgraded warehouse heaters. The property benefits from its location within the Adams County Enterprise Zone and enjoys excellent access to major transportation arteries, including I-70 & Washington Street, and I-25 & 58th Ave. The property is zoned I-1 and offers a fenced yard for added security and functionality. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset with significant upside potential. The Net Operating Income (NOI) is $259,271, and the asking price is $5,185,432. The lease is a NNN (Triple Net) lease, meaning the tenant is responsible for most operating expenses.

• CAP approach

  CAP return

  Valuation

  6%

  $6,314,926

  6.5%

  $5,829,162

  7%

  $5,412,794

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,897,752

  Geo Method

  $3,743,479

• Alternative Use

  Use

  Valuation

  Residential

  $4,917,116

  Hospitality

  $4,504,052

  Educational

  $3,747,318

  Medical

  $3,876,195

  Retail

  $5,829,162

Location Insight

City

Denver

County

Adams

State

Colorado

Latitude

39.7937

Longitude

-104.986

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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