940 Wadsworth BlvdLakewood, CO 80214

For Sale
$5,585,000

Prime Lakewood office building, high occupancy, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a four-story, 40,474 square foot Class B office building located at 940 Wadsworth Blvd in Lakewood, Colorado. Built in 1983, the property sits on a 2.25-acre lot and features 129 parking spaces, providing ample convenience for tenants and visitors. Currently boasting an 86% occupancy rate across its ten units, the building generates a Net Operating Income (NOI) of $193,988, representing a 3.00% capitalization rate. Pro forma projections indicate a 5.00% cap rate, highlighting significant potential for increased profitability. The property is zoned M-G-U (Lakewood) and offers a gross lease structure. The asking price is $5,585,000, translating to $137.99 per square foot. This presents an excellent owner-user or investor opportunity in a desirable Lakewood location. The building's traditional office layout is well-suited for a variety of businesses. With its substantial size, ample parking, and strong current performance, this property offers a compelling investment prospect with room for growth.

Highlights

  • Excellent owner-user or investment opportunity.
  • High-demand location with strong tenant base.
  • Significant upside potential through lease-up or rent increases.
  • Well-maintained building with modern amenities.
  • Strong cash flow and attractive cap rate.

Property Details for 940 Wadsworth Blvd

Property type
Other office properties, Office properties
Square Feet
40,474 SF
Class
B
Year Built
1983
Buildings
1
Stories
4
Lot Size (sq. ft)
98,010 SF
Units
10

Location Insight

City
Lakewood
County
Jefferson
State
Colorado
Latitude
39.73171915052
Longitude
-105.08140011581
940 Wadsworth Blvd, Lakewood, Colorado

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940 Wadsworth Blvd
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