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Shopping Community

1083 S. Pearl Street

1083 S Pearl St, Denver, CO 80209

Listing Price: $2,500,000

Cap Rate
6.42%
Gross SF
5,995
Rentable SF
5,995
Price/Gross SF
$417.01
Lot Size
0.14 acres
Year Built
1912

Investment Overview

The Kramer Group of Marcus & Millichap is pleased to present this Exclusive Listing of 1083 South Pearl Street. The retail property contains 5,995 square feet of leasable area. The building is 100% leased to a stable neighborhood tenant base with no lease expirations until June 2025. The tenant’s are a mix of internet proof businesses that include a Hair Salon, Liquor Store, Nail Salon and a new co-working concept. The building is located along South Pearl Street in the West Washington Park Neighborhood adjacent to Whole Foods and Pub on Pearl. The seller has put extensive CapEx and Tenant Improvement work into the property over the past 3 years. The central location also provides great access to metro Denver via I-25 and is walkable to the Louisiana Light Rail Station. The property splits the divide between the Platt Park and Wash Park neighborhoods. Both of which have some of Denver’s highest household incomes.

Investment Highlights

  • 100% Occupied West Wash Park Retail adjacent to Whole Foods
  • New TI and CapEx on most of the building
  • Internet Proof Tenancy

Exclusively Listed By

Financing By

Shopping Community

1083 S. Pearl Street

Listing Price: $2,500,000

Cap Rate
6.42%
Gross SF
5,995
Rentable SF
5,995
Price/Gross SF
$417.01
Lot Size
0.14 acres
Year Built
1912

Investment Highlights

  • 100% Occupied West Wash Park Retail adjacent to Whole Foods
  • New TI and CapEx on most of the building
  • Internet Proof Tenancy

Investment Overview

The Kramer Group of Marcus & Millichap is pleased to present this Exclusive Listing of 1083 South Pearl Street. The retail property contains 5,995 square feet of leasable area. The building is 100% leased to a stable neighborhood tenant base with no lease expirations until June 2025. The tenant’s are a mix of internet proof businesses that include a Hair Salon, Liquor Store, Nail Salon and a new co-working concept. The building is located along South Pearl Street in the West Washington Park Neighborhood adjacent to Whole Foods and Pub on Pearl. The seller has put extensive CapEx and Tenant Improvement work into the property over the past 3 years. The central location also provides great access to metro Denver via I-25 and is walkable to the Louisiana Light Rail Station. The property splits the divide between the Platt Park and Wash Park neighborhoods. Both of which have some of Denver’s highest household incomes.

Exclusively Listed By

Financing By

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