Listed by Hoff & Leigh, Capital Property Group
$2,439,000
8020 Federal Blvd
Details
Property Type Retail, Office
Square Footage 10,090
Cap Rate 7.30%
Occupancy 93%
Tenancy Multi
Price per SqFt $242
Year Built 1976
Stories 2
Lot Size (SqFt) 9,600
Zoning B-1
Investment Type Value Add
Retail | 7.30% CAP | 10,090 SqFt
Marketing description
This unique 2 story building offers a mix of retail and office use. Current tenants include an ice cream shop, massage studio, nail salon, liquor store, insurance company, and is currently 93% occupied, leaving one unit left for lease. The current average lease rate is $14.70/ft... Market rate is between $16-$25/ft leaving room to increase cash flow. Sitting next to the Interstate 36 (minutes to Boulder and Denver) this allows investors the opportunity to re-develop at any time in the future. This property is zoned B-1, allowing for almost all retail and office uses and zoning goes up to 65ft high. Along with value-add potential, the owner is willing to add a 9,600sf land parcel sitting (adjacently) behind the property. It is currently paved and used as parking. This parcel is zoned C-1, leaving investors with a variety of commercial development options.
Investment highlights
- Secured Tenants
- Value-Add Opportunity
- Monument Signage
- Close to Boulder and Denver
- Bonus 9,600sf Undeveloped Lot
Listing Contacts
Listed by Hoff & Leigh, Capital Property Group
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