1001 Tejon StDenver, CO 80204

Property Details for 1001 Tejon St

Year built

1969

Construction

WOOD

Lot size

0.18 AC

Property size (Sq ft)

4,862 SF

Zone code

I-B

Property type

Industrial properties

Property subtype

Other warehouses

APN

05043-38-009-000

APU

504338009000

Description

This Denver, Colorado industrial warehouse at 1001 Tejon St, offers a compelling investment opportunity. The 4,862 square foot building, constructed in 1969, sits on a 7,650 square foot lot and boasts a 24-foot ceiling height, perfect for various industrial uses. Currently 100% occupied under a triple net (NNN) lease with three lease options, the property generates a strong net operating income (NOI) of $84,000, resulting in an attractive 8.40% cap rate. The asking price is $1,000,000, translating to $205.68 per square foot and $130.72 per square foot for the land. The lease commenced May 12, 2024, and expires September 11, 2027. The property features one dock-high door, fifteen parking spaces, and ample heavy power. Located in Denver County, zip code 80204, this prime infill location provides easy access to major interstates. The property is zoned I-B. While the current tenant is a cannabis cultivation business, the versatile space is suitable for a range of industrial applications. The building includes a small mezzanine, which can be removed if needed. This is a rare opportunity to acquire a high-performing, well-located industrial asset with significant upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $1,329,645

  Hospitality

  $1,217,948

  Educational

  $1,013,318

  Medical

  $1,048,168

  Retail

  $1,576,273

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7326

Longitude

-105.012

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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