Listed by WK Real Estate, Gibbons-White Inc
$2,825,000
1 Park Street - Building 1
Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 14,462
Units 3
NOI $275
Tenancy Multi
Lease Type NNN
Price per SqFt $197
Broker Co-Op Yes
Year Built 1969
Year Renovated 2022
Buildings 1
Zoning I-1
Parking Spaces 2.08 per 1,000 sq ft
Investment Type Owner/User
Ceiling Height 10'-12'
Loading Docks 3
Industrial | 14,462 SqFt
Investment highlights
- Listing Price Building 1: $2,825,000.00
- Price per sq/ft: $197.00
- Zoned: I-1; Colorado Enterprise Zone; possible uses include research, medical facility, indoor recreation, church, warehouse, distribution or other similar
- Building Sq/Ft: 14,462 sq/ft
- Year Built: 1969; renovated 2022
- Property Taxes 2025: Approx. $69,908.00
- In Place Gross Income: $153,000 (Cell Tower and Unit E Leases)
- Proforma: $330,000 gross income (Fully Leased)
- Clear Height: 10-12 Feet
- Loading: 3 Dock-Height; Drive-In can be added
- No. of parking spaces: 2.08/1,000; newly resurfaced lot; New ADA ramp
- Cell Phone Tower: Annual Income of $18,480 (Leased to Verizon through 2042, 10% escalation every 5 years, 2027 to increase $20k)
- Unit E: NNN Lease to LogRythm through 8/31/2028, with $0.50 escalations
- Electrical: 400 Amp | 120/208 Volt | 3 Phase,
- Condo OA Dues: $10,000.00 Includes: water, insurance, administrative fees
- Improvements: Include exterior paint, landscaping, parking lot resurfaced, new roof, remodeled restrooms with showers, full kitchen/break room
Listing Contacts
Listed by WK Real Estate, Gibbons-White Inc
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Loan Amount
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Annual Cash Flow
$275.00
$22.92/mo
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