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23437942
23437936

7950 W Colfax Ave, Lakewood, CO 80214

WW
CO 100010102
Current Commercial Real-Estate
CS
CO EA.000186051
Cleve Schenck
Listed by Current Commercial Real-Estate, Cleve Schenck
$2,990,000
516 days on market
Updated 17 days ago

7950 W. Colfax Ave., Lakewood, CO

Details
Property Type Industrial, Office (+1)
Sub Type Creative Office, Flex (+1)
Square Footage 14,705
Cap Rate 7.63%
Occupancy 55%
Tenancy Multi
Lease Type NNN
Lease Expiration 01/31/2028
Rent Bumps Yes
Lease Options 5 year
Price per SqFt $203
Broker Co-Op Yes
Class B
Year Built 2004
Year Renovated 2017
Buildings 1
Stories 1
Acreage 0.930
Zoning M-G-T
Parking Spaces 38 spaces
Parking Per SqFt 2.58
Tenant Credit Credit Rated
Occupancy Date 02/01/2025
Ground Lease No
Ceiling Height 12
Loading Docks 1
Dock High Doors 1
Sale Condition 1031 exchange

Flex/Retail/Warehouse-Nice Finishes-High Traffic

Marketing description

New $300,000 roof. Very well maintained property along busy West Colfax near Wadsworth Boulevard. Property is also available for lease (6,600 SF), with an above-market lease in the front half of the building for three years + extensions. Higher-end interiors; skylights and large windows flood the space with natural light, two offices/conference room; open production area; large kitchen/break area with dishwasher, refrigerator and oven/cooktop; clear-span warehouse with roll-up door to secure yard; two ADA-compliant bathrooms; covered, secured dock door with parking for two vehicles; wet sprinkler system; secured yard; plumbed area in warehouse for potential third bathroom; 38 parking spaces, 2 of which are for handicapped. High traffic counts and easy access to light rail and buses, the property is located in the desirable 40West Arts District, with a very active community association for local businesses and residents.

Investment highlights

Great income on more than half the building with a strong-credit tenant - $145,572 net annual rent. 5-year option to renew in 2/2028.

Listing Contacts

WW
CO 100010102
Current Commercial Real-Estate
CS
CO EA.000186051
Cleve Schenck
Listed by Current Commercial Real-Estate, Cleve Schenck

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Additional Information

Name
Wendy Weiss
License
100010102
Brokerage
Current Commercial Real Estate
Brokerage Phone
3037369933
Title
Owner/Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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