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90% Occupied Multi Tenant Flex Building
9.60% CAP Rate - Perfect Small 1031x Property
Cashflows Today - Stable Long Term Tenants
Make an offer Today!
General Information
387 E. 55th Ave
387 - 393 E. 55th Avenue
Denver, CO 80216


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Sub Market: Central
Building Type: Flex
Floor Plan: click here for floor plan
YOC: 1982
County: Denver
Zoning: I-1 Denver


Taxes: $6750

Sale Information
Total SF: 7065
Sale Price: $493,000


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Property Description
This is a great property for a small 1031X or for an investor looking for a low maintenance property that cashflows today. Great multi tenant industrial flex property. Long term tenants, steady cashflow. High CAP Rate. Take over today and started earning passive income right away. Make an offer before it is gone.
Improvements
Access: 58th Avenue East from I-25, South on Logan to 55th, West on 55th
Floors: 1
Parking: Ample Front and Back
HVAC: Rooftop HVAC
Office Finish: 10%
Floor Plate SF: 7056
Sprinklers: None
Clear Height: 12 foot
Ground Level: drive-in doors on front and back of units
Rail Provider: none
Present Occupant(s): 90%
Cap Rate: 9.60%
Sch Gross Inc: $67,844
Net Op Inc: $47,373
Water: North Washington Street Water and Sanitation
Sewer: North Washington Street Water and Sanitation
Power: 220 3 Phase

Contact:
Phone: (303) 592-1050
Fax: (866) 802-0399

Sperry Properties Inc.
2871 N. Speer Boulevard
Denver, CO 80211
www.sperryproperties.com

click here for map
click here for site plan
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The following information is subject to change and/or withdrawal without notice. The information set forth herein was obtained from the owner of the property and from other sources including public records and Sperry Properties, Inc. has not verified the accuracy or completeness of such information. Sperry Properties, Inc. and its brokers will be acting as agents of the Landlord/Seller and will negotiate on behalf of and act as an advocate for the Landlord/Seller. Sperry Properties, Inc. will not be your agent without a signed agency agreement
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2871 N. Speer Boulevard - Denver, CO 80211
©All rights reserved Sperry Properties, Inc 2003 - 2017
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Office: (303)  592-1050
Fax: (866) 802-0399