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28703954
28703953

35715 US Highway 40, Units D305-306, Evergreen, CO 80439 For Sale

ZW
IL 475164965, CO 100071234
The Boulder Group - Denver
BW
FA100077055
The Boulder Group
Listed by The Boulder Group - Denver, The Boulder Group
$617,000
137 days on market
Updated 30 days ago

Luminescence Labs

Details
Property Type Industrial, Office (+1)
Sub Type Flex, Manufacturing (+1)
Square Footage 4,209
Net Rentable (SqFt) 4,209
Units 2
Cap Rate 11.99%
NOI $74,008
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Expiration 10/31/2030
Remaining Term 4.3
Rent Bumps Yes
Price per SqFt $147
Broker Co-Op Yes
Year Built 1997
Ground Lease No

Evergreen, CO (Denver MSA) | Recent Lease Extension | Affluent Area | Flex Space | I-70 Frontage

Marketing description

» Located within the Denver MSA

» Tenant recently extended their lease demonstrating commitment to the location

» Approximately 5 years remaining on the lease

» Colorado’s cannabis industry is estimated to exceed $3 billion in revenue in 2025

» Space is currently being used as a cannabis extraction facility

» Flex condo located within the Floyd Hill Business Park

» Extreme barriers to entry

» Approximately 25 miles west of Downtown Denver and 37 miles south of Boulder

» Extremely affluent area with average annual household income exceeding $220,000

within 5 miles

Investment highlights

» Located within the Denver MSA

» Tenant recently extended their lease demonstrating commitment to the location

» Approximately 5 years remaining on the lease

» Colorado’s cannabis industry is estimated to exceed $3 billion in revenue in 2025

» Space is currently being used as a cannabis extraction facility

» Flex condo located within the Floyd Hill Business Park

» Extreme barriers to entry

» Approximately 25 miles west of Downtown Denver and 37 miles south of Boulder

» Extremely affluent area with average annual household income exceeding $220,000

within 5 miles

Listing Contacts

ZW
IL 475164965, CO 100071234
The Boulder Group - Denver
BW
FA100077055
The Boulder Group
Listed by The Boulder Group - Denver, The Boulder Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$74,008.00
$6,167.33/mo

Valuation Metrics

0
DSCR
11.99%
Cap Rate
11.99%
ROI

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