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33354941
33354942

1273-1279 S Cherokee St, Denver, CO 80223

MP
CO er314551
Panorama Commercial Group
Listed by Panorama Commercial Group
$4,250,000
2 days on market
Updated 2 days ago

1273-1279 South Cherokee Street

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 18,642
Units 4
Cap Rate 3.00%
NOI $127,299
Price per SqFt $228
Stories 3
Lot Size (SqFt) 35,250
Zoning I-B, UO-2

Industrial | 3.00% CAP | 18,642 SqFt

Marketing description

Exceptional industrial asset at 1273 South Cherokee Street is tailored for investors seeking a sturdy, no-nonsense facility in Denver. The property delivers expansive, column-free interior volume with flexible floor plates that easily adapt to manufacturing, assembly, or distribution requirements. Multiple drive-in and loading points streamline logistics, while generous yard and parking areas provide room for staging and employee vehicles. Robust building systems and durable finishes keep maintenance demands low, and the straightforward layout ensures efficient operations right from day one. This is a compelling opportunity to secure a well-kept industrial property built to support growing industrial tenants.

Location Description

Discover the vibrant surroundings of the industrial property located in Denver, CO. Positioned within the heart of the thriving South Cherokee Street area, the location offers convenient access to key points of interest for industrial and manufacturing investors. Nearby, the emerging craft brewery scene and the diverse restaurant options in the Overland neighborhood provide appealing amenities for future employees and customers. The property's proximity to major highways and Denver's central business district makes it an ideal location for industrial and manufacturing businesses seeking to establish a strong presence in this dynamic and growing area.

Exceptional multi-tenant industrial asset at 1273-1279 S Cherokee Street, in the heart of Denver’s Santa Fe/Mississippi industrial corridor (Overland Neighborhood), offered for sale as a redevelopment site. Rarely does a central Denver land play come packaged with immediate cash flow through short-term leases to help alleviate the cost during the design, permitting, and other entitlements.

The offering comprises a corner lot at Cherokee Street & Louisiana Avenue totaling approximately 35,250 square feet (.81 acres), zoned I-B, UO-2. The existing improvements consist of small-bay industrial/flex units currently occupied by short term tenants (2-3yrs), generating approximately $17,260/month in gross income. The improvements are functional but contribute minimal value, with a below-market average rent of $11.11 Gross! — The land is the asset.

This property makes most sense as an infill redevelopment site. The location is one of Denver’s most actively transforming submarkets. The Gates District at Broadway Station— a 41-acre, 2,500-unit mixed-use transit-oriented development just blocks to the north — is actively under construction and reshaping the demand prole of everything within the neighborhoods. A 14,500-seat professional women’s soccer stadium is now proposed for the Santa Fe Yards portion of the same site, adding another layer of long-term foot traffic and neighborhood activation. Laws Whiskey House, already an established destination just a few blocks away, and directly behind the subject property, is a 3-story Multi-Family development currently under construction.

The subject site is within walking distance of the I-25 & Broadway RTD light rail station. This location offers easy access to Santa Fe, Mississippi, Broadway, and a short distance to I-25.

Investment highlights

  • Industrial asset at 1273 South Cherokee Street Denver CO 80223
  • Generous column-free floor plate simplifies tenant fit-out
  • Multiple drive-in and loading points support logistic efficiency
  • Expansive yard and parking accommodate staging and employee vehicles
  • Durable finishes minimize maintenance expenses for investors
  • Flexible space adapts to manufacturing assembly or distribution uses
  • Straightforward layout accelerates tenant turnover and move-in
  • Robust building systems designed for continuous industrial operations
  • Professional-grade infrastructure supports heavy-duty industrial tenants
  • Well-maintained property ready for immediate leasing activity
  • SITE: 35,250 sf ($120.57 psf)
  • Size: 18,642 sf includes 2,622 sf dry storage warehouse ($227.98 psf)
  • Power:  3-Phase
  • Water Line:  1"

Listing Contacts

MP
CO er314551
Panorama Commercial Group
Listed by Panorama Commercial Group

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$127,299.00
$10,608.25/mo

Valuation Metrics

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DSCR
3%
Cap Rate
3%
ROI

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