Listed by Marcus & Millichap - Denver
$3,499,000
Center at Evergreen
Details
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 45,729
Net Rentable (SqFt) 45,729
Units 44
Cap Rate 8.64%
NOI $302,318
Occupancy 80.5%
Tenancy Multi
Pro-Forma Cap Rate 8.92%
Pro-Forma NOI $312,028
Price per SqFt $77
Class B
Year Built 1980
Year Renovated 2016
Acreage 3.190
Parking Spaces 135 spaces
Parking per 1,000 SqFt 2.95
Investment Type Value Add
Office | 8.64% CAP | 45,729 SqFt
Marketing description
The Kramer Group of Marcus & Millichap is pleased to present the Center at Evergreen. This 45,729 rentable square feet, Class B office building is located directly off Evergreen Parkway, providing great visibility and additional income from building signage.
Anchored by US Bank since 1980, this multi-tenant office building is 80% occupied, providing new ownership upside potential through new leasing.
Investment highlights
- 80% Occupied
- 8.64% In-Place Cap Rate
- 3.85% Loan Assumption Available
- $1,889,712 Balance
- Matures in 2029
- 45,729 Rentable Square Feet
- Strong Historical Occupancy
Listing Contacts
Listed by Marcus & Millichap - Denver
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$302,318.00
$25,193.17/mo
Valuation Metrics
0
DSCR
8.64%
Cap Rate
8.64%
ROI
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