5550 W 60th Ave
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5550 W 60th Ave
30,708 SF 100% Leased Industrial Building Arvada, CO 80003 $6,999,999 ($228/SF) 6.64% Cap Rate
Investment Highlights
- 100% Occupied Multi-Tenant Industrial Asset For Sale
- 1 Acres +/- Vacant Yard Provides Immediate Upside
- 108kW Rooftop Solar Panels Provide Additional Income
- Fully Renovated Trophy Industrial Property
- Industrial Zoning with Outdoor Storage
- Updated Electrical - 2000 Amp, 3 Phase Power
Executive Summary
Qualified investors have the opportunity to acquire 5550 W 60th Ave, a 30,708 SF, 100% occupied, 3-unit, fully renovated industrial asset. All tenants will be on long term leases, with NNN leases in place for the two larger anchor tenants. The property has been recently updated with new plumbing and electrical, new mechanical units inside and outside, new interior office finishes, flat work, and landscaping. The recent renovation included 100% remediation of all asbestos at the property. There are rooftop solar panels (108 kW) currently generating income for the owner. This asset is in true “turn-key” condition with immaculate high end buildout in the office space. The property has 2000 AMP, 277/480 Volt, 3-Phase power, with 14 foot ceilings in the warehouse portions. With 1 acre +/- of yard and direct access to West 59th Avenue and a recently executed lease for the yard space, this asset is truly 100% occupied with an attractive as-is 6.64 Cap Rate.
Property Facts
| Price | $6,999,999 | Rentable Building Area | 30,708 SF |
| Price Per SF | $228 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built/Renovated | 1968/2022 |
| Cap Rate | 6.64% | Parking Ratio | 1.14/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 14 FT |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 1 |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 3.26 AC |
| Price | $6,999,999 |
| Price Per SF | $228 |
| Sale Type | Investment NNN |
| Cap Rate | 6.64% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 3.26 AC |
| Rentable Building Area | 30,708 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1968/2022 |
| Parking Ratio | 1.14/1,000 SF |
| Clear Ceiling Height | 14 FT |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 1 |
Amenities
- 24 Hour Access
- Bus Line
- Property Manager on Site
- Signage
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating
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PROPERTY TAXES
| Parcel Number | 39-124-00-003 | Improvements Assessment | $828,373 |
| Land Assessment | $129,294 | Total Assessment | $957,667 |
PROPERTY TAXES
Parcel Number
39-124-00-003
Land Assessment
$129,294
Improvements Assessment
$828,373
Total Assessment
$957,667
zoning
| Zoning Code | IL (Light Industrail) |
| IL (Light Industrail) |
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5550 W 60th Ave
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