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Office

LakeFront Office Building

6850 W 52nd Ave, Arvada, CO 80002

Listing Price: $3,325,000

Cap Rate
7.35%
Gross SF
28,492
Rentable SF
26,027
Price/Gross SF
$116.70
Lot Size
2.64 acres
Year Built
1998

Investment Overview

The Smith Office Team of Marcus & Millichap is pleased to present the Lakefront Office Building, a 28,492 square foot, multi-tenant, 89.2 percent occupied, value-add, professionally managed, rare class B office building for sale in west submarket. Arvada is situated approximately 10 miles west of downtown Denver. Buyer must assume Symetra Life Insurance loan of $1.921MM (57.8% LTV, or 42.2% cash equity down or $1,404,000). Seller to reimburse Buyer an estimated $115K at closing for higher interest cost of loan of 4.84% vs. 3.50%. Maturity Date is 02/01/2029. $20k assumption fee. HVAC replaced in 2019 for $268K. Property is located in mature business park with easy access to Highways I-70 and I-76 via Wadsworth Boulevard which has numerous retail amenities. Building has lake frontage on green belt with outstanding views, access to trail system and an outdoor picnic area. Additionally, the building has 7,127 square foot basement with existing secure, storage rooms. The fire protection system has been updated and the building has a security system. The Lakefront Office Building offers an investor, the opportunity to own a value-add, stabilized and well positioned class B multi-tenant office building.

Investment Highlights

  • Rare Class B Office Building in West Submarket (89.2% Occupied)
  • Buyer must assume Symetra Life Insurance loan of $1.913MM (57.55% LTV). Maturity Date is 02/01/2029
  • HVAC replaced in 2019 ($268K)
  • Professionally Managed
  • Property Located in Mature Business Park
  • Lakefront with Outdoor Picnic Area and Access to Trail System
  • Close Proximity to Numerous Retail Amenities
  • Easy Access to Highways I-70 and I-76 via Wadsworth Boulevard

Exclusively Listed By

Financing By

Office

LakeFront Office Building

Listing Price: $3,325,000

Cap Rate
7.35%
Gross SF
28,492
Rentable SF
26,027
Price/Gross SF
$116.70
Lot Size
2.64 acres
Year Built
1998

Investment Highlights

  • Rare Class B Office Building in West Submarket (89.2% Occupied)
  • Buyer must assume Symetra Life Insurance loan of $1.913MM (57.55% LTV). Maturity Date is 02/01/2029
  • HVAC replaced in 2019 ($268K)
  • Professionally Managed
  • Property Located in Mature Business Park
  • Lakefront with Outdoor Picnic Area and Access to Trail System
  • Close Proximity to Numerous Retail Amenities
  • Easy Access to Highways I-70 and I-76 via Wadsworth Boulevard

Investment Overview

The Smith Office Team of Marcus & Millichap is pleased to present the Lakefront Office Building, a 28,492 square foot, multi-tenant, 89.2 percent occupied, value-add, professionally managed, rare class B office building for sale in west submarket. Arvada is situated approximately 10 miles west of downtown Denver. Buyer must assume Symetra Life Insurance loan of $1.921MM (57.8% LTV, or 42.2% cash equity down or $1,404,000). Seller to reimburse Buyer an estimated $115K at closing for higher interest cost of loan of 4.84% vs. 3.50%. Maturity Date is 02/01/2029. $20k assumption fee. HVAC replaced in 2019 for $268K. Property is located in mature business park with easy access to Highways I-70 and I-76 via Wadsworth Boulevard which has numerous retail amenities. Building has lake frontage on green belt with outstanding views, access to trail system and an outdoor picnic area. Additionally, the building has 7,127 square foot basement with existing secure, storage rooms. The fire protection system has been updated and the building has a security system. The Lakefront Office Building offers an investor, the opportunity to own a value-add, stabilized and well positioned class B multi-tenant office building.

Exclusively Listed By

Financing By

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