Listed by Pinnacle Real Estate Advisors
$4,425,600
Flex Condos for Sale - Westminster, CO
Details
Property Type Industrial, Office
Sub Type Flex, R&D
Square Footage 22,478
Net Rentable (SqFt) 22,478
Units 4
Cap Rate 1.61%
NOI $71,092
Occupancy 23%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Pro-Forma Cap Rate 7.62%
Pro-Forma NOI $337,170
Price per SqFt $197
Broker Co-Op True
Class B
Year Built 2002
Buildings 1
Stories 1
Zoning PUD Westminster
Parking Spaces 4 per 1,000 sq ft
Investment Type Owner/User
Occupancy Date 03/01/2026
Ground Lease No
Ceiling Height 18
Loading Docks 5
Dock High Doors 3
Ownership Fee Simple
Sale Condition N/A
Units 100-800; 22,478 SF
Marketing description
This offering consists of eight contiguous 2nd generation flex condo units totaling 22,478 SF. The current configurations of each Unit consist of two condos. Units can be combined. Each unit has a varying level of office to warehouse space as well as a varying level of private offices to open office.
Units 100-200: 5,078 SF (Leased) / Priced at $1,015,600 / 7% cap rate / $200/SF
Units 300-400: 5,640 SF (Vacant) / Priced at $1,269,000 / $225/SF
Units 500-600: 5,880 SF (Vacant) / Priced at $1,323,000 / $225/SF
Units 700-800: 5,880 SF (Vacant) / Priced at $1,323,000 / $225/SF
All Units: 22,478 SF / Priced at $4,425,600 / $200/SF
Investment highlights
- Highly efficient single-story flex condos
- Brick construction in park-like setting
- Class A finishes with a combination of offices, open area, conference rooms, kitchens, restrooms, and warehouse space
- Both dock-hi and drive-in loading options are available
- Heavy power, 3-phase & single-phase power available
- 18' clear ceiling height
- 5,640-17,400 square feet available for occupancy
- Easy access to Wadsworth, US-36, Boulder, Broomfield, and Denver.
Listing Contacts
Listed by Pinnacle Real Estate Advisors
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$71,092.00
$5,924.33/mo
Valuation Metrics
0
DSCR
1.61%
Cap Rate
1.61%
ROI
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