12191 W 64th Ave
$2,300,000
12191 W 64th Ave, Arvada, CO 80004
30,169 sqft
Building Size
1.67 acres
Lot Area
Details:
Highlights:
- Convenient location close to residences, schools, shopping centers, and highways
- Small suite sizes to attract local small business tenants
- Mix of office and retail tenants adds diversification and stability to rent roll
- Perfect for small owner-user
- Value-add opportunity
- Upside potential in lease up
- Located on highly traveled thoroughfare
- Interior atrium with greenery and natural light
- Well secured building
- Wide tenant mix
- Park like setting
- Covered land play for potential redevelopment
Description:
Pinnacle Real Estate Advisors is pleased to announce they have been retained as the exclusive marketing advisor for 12191 W 64th Avenue in Arvada, Colorado.
This multi-tenant office property consists of 40 flexible suites that can be combined to create larger contiguous suites, or further split them up to cater toward the high demand for executive office space. There is a clear path toward increasing the value and income of this property by taking a personalized approach to leasing theses spaces to local businesses. The suites require little to no improvements as the building was just recently renovated. It is currently over 70% occupied. At 90% occupied, this asset will produce a net income of $239,409 which is a 10.4% Cap Rate on the purchase price.
Located just minutes from Interstate 70 and nearby RTD transit options, the Property is situated in a growing and affluent area of West Arvada that continues to see strong residential and commercial development. This is a rare opportunity for qualified investors to acquire a strategically located office asset in one of the Denver metro area’s most established and desirable submarkets.
Positioned along W 64th Avenue near Ward Road and Highway 58 in West Arvada, minutes from Interstate 70 and RTD transit options within the Denver metro area.
Documents:
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| 12191W64th_SMTeam_OM.pdf |
Location
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