Shopping Neighborhood
Athmar Park Shopping Center
1865 W Mississippi Ave, Denver, CO 80223
Listing Price: $8,825,000
Cap Rate
7.75%
Gross SF
59,479
Rentable SF
59,479
Price/Gross SF
$148.37
Lot Size
5.07 acres
Year Built
1955
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale Athmar Park Shopping Center in the Denver, MSA.
Athmar Park Shopping Center
Investment Highlights
- FOUR LEASE EXTENSIONS & TWO NEW LEASES WITHIN THE LAST 18 MONTHS
- 48.1% OF RENT ROLL HAS ANNUAL INCREASES
- STRONG HISTORICAL OCCUPANCY
- RECENT REMODEL WITH OVER $1MM SPENT ON CAPITAL IMPROVEMENTS
- AT OR BELOW MARKET RENTS – ONLY 2 TENANTS HAVE FIXED RATE OPTIONS
- ESSENTIAL NEIGHBORHOOD CENTER – LIMITED DIRECT COMPETITION
Exclusively Listed By
Listing Price: $8,825,000
Cap Rate
7.75%
Gross SF
59,479
Rentable SF
59,479
Price/Gross SF
$148.37
Lot Size
5.07 acres
Year Built
1955
Investment Highlights
- FOUR LEASE EXTENSIONS & TWO NEW LEASES WITHIN THE LAST 18 MONTHS
- 48.1% OF RENT ROLL HAS ANNUAL INCREASES
- STRONG HISTORICAL OCCUPANCY
- RECENT REMODEL WITH OVER $1MM SPENT ON CAPITAL IMPROVEMENTS
- AT OR BELOW MARKET RENTS – ONLY 2 TENANTS HAVE FIXED RATE OPTIONS
- ESSENTIAL NEIGHBORHOOD CENTER – LIMITED DIRECT COMPETITION
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale Athmar Park Shopping Center in the Denver, MSA.
Exclusively Listed By
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