Listed by Colliers - Denver, Colorado
$3,970,000
1187 E. 68th Avenue
Details
Property Type Office, Industrial
Sub Type Distribution, Traditional Office
Square Footage 30,243
Units 2
Cap Rate 6.80%
NOI $156,233
Tenancy Multi
Brand/Tenant United Packaging Inc.
Lease Type NNN
Lease Term 5
Rent Bumps Yes
Pro-Forma Cap Rate 8.23%
Pro-Forma NOI $326,777
Year Built 1984 & 2000
Buildings 1
Acreage 1.560
Zoning I-2 Heavy Industrial
Investment Type Owner/User
Ceiling Height 12’-16'
Loading Docks 3
1187 E. 68th Avenue, Denver, CO 80229
Marketing description
Unit A is leased for $10.60/sqft or $156,233/year NNN for 5-years with 3.5% annual increases to United Packaging Inc.
Proforma rent of $11.00/sqft NNN or $170,544 NNN for Unit B.
Entire Building: 30,243 SF | $3,970,000. Proforma Return of $326,777/yr NNN or an 8.23% Capitalization Rate.
Investment highlights
- Strategically located in the much sought after North Central submarket with incredible access to major highways. Interstates 25, I-270 and I-76 are located just a half mile away. Highway 36 is positioned within 1.5 miles and the property has direct access to I-70
- Easy 10 minute drive into downtown Denver and 22 minutes to Denver International Airport
- Unique User or investment sale in the heart of Denver but with an unincorporated Adams County location and a Denver mailing address
- Versatile space suitable for manufacturing, distribution, R & D, or corporate headquarters. Possibility to divide into two separate units
- Attractive and durable brick on block construction.
- Modern Office Spaces with high ceilings, high quality with efficient workflow design.
- Additional 3 sets of Men’s & Women’s restrooms on main floor with a 4th set plumbed in.
- Large Executive Office with Fireplace, restroom and kitchenette.
- Ample parking well distributed around the building. Outdoor storage unit.
- 30,243 square feet with an additional 1,200 square feet of basement with 9’7” clear height.
- Freight elevator to basement and second story.
- Fully equipped with all utilities and heavy power to support diverse industrial operations.
- 100% heated and air conditioned.
- 3 Drive-In doors
- Zoned I-2 Heavy Industrial.
- Heavy Power: 1,200 Amps, 3-Phase
- Amazing unincorporated Adams County location with a Denver mailing address and quick access to I-25, I-70, I-270, I-76 and US 36.
Listing Contacts
Listed by Colliers - Denver, Colorado
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$156,233.00
$13,019.42/mo
Valuation Metrics
0
DSCR
3.94%
Cap Rate
3.94%
ROI
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Zoning
I-2 IndustrialIndustrial 2
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View all 329 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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