Listed by Malman Real Estate
$2,400,000
4900 East Colfax Avenue
Details
Property Type Retail
Sub Type Storefront
Square Footage 9,635
Cap Rate 7.32%
NOI $175,624
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $249
Broker Co-Op Yes
Year Built 1932
Year Renovated 2025
Lot Size (SqFt) 15,613
Zoning U-MS-3
Parking Spaces 8 spaces
Parking Per SqFt 0.83
Investment Type Net Lease
Colfax Retail | 7.23% CAP | 100% Leased
Marketing description
• 100% leased asset
• 8,548 SF commercial + 1,087 SF residential duplex
• $13,200/yr management fee baked into the deal (NOI stated is true NOI)
• New bus lanes on Colfax under constructions which will give more visibility to retailers along Colfax
• Many new multifamily projects under construction in the immediate vicinity
• Strong area development and demographics
Listing Contacts
Listed by Malman Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$175,624.00
$14,635.33/mo
Valuation Metrics
0
DSCR
7.32%
Cap Rate
7.32%
ROI
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