Dover Bldg 1550 Dover St 17,506 SF 100% Leased Office Building Lakewood, CO 80215 $2,500,000 ($142.81/SF) 6.75% Cap Rate




EXECUTIVE SUMMARY
Premier Luxe Property Group, LLC is please to exclusively offer this NNN Investment Opportunity at 1550 Dover St, Lakewood, CO 80215. The office building is 17,506 s.f. on two levels above grade and has a 1,107 s.f. unfinished basement. The building is situated on a 1.2019 acre lot just one half block north of Colfax Ave. in Lakewood. The building is currently owned and occupied by Bayaud Enterprises, Inc. and it’s affiliate company, Service Source, Inc. both of which are 501(c)(3) Non-Profit organizations. The mission of Bayaud Enterprises is to create Hope, Opportunity, and Choice, with work as the means through which people with disabilities and other hurdles to employment can more fully participate in the mainstream of life. Bayaud Enterprises was formed in 1969 and is in good standing with the State of Colorado. Seller is offering a sale/leaseback triple-net investment opportunity with a well funded and long-standing tenant. Tenant is seeking a 3-year lease.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
17,506 SF
Building Class
C
Year Built
1972
Price
$2,500,000
Price Per SF
$142.81
Cap Rate
6.75%
NOI
$168,750
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,364 SF
Building FAR
0.33
Lot Size
1.20 AC
Parking
89 Spaces (4.5 Spaces per 1,000 SF Leased)
AMENITIES
- Property Manager on Site
1 of 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
Parcel Number | 39-344-18-009 | Improvements Assessment | $208,031 |
Land Assessment | $270,230 | Total Assessment | $478,261 |