1955 Sheridan BlvdDenver, CO 80227
For Sale
$13,640,000
High-performing fitness center, strong lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 91
Highlights
- 13 years remaining on a Vasa Fitness lease with 10% rent increases every 5 years.
- Assumable CMBS loan at 4.88% fixed interest, maturing 6/1/2029, with a balance of approximately $7.4M, annual debt service of $508,332, and a 1% prepayment penalty.
- Top-performing Vasa Fitness location system-wide in total membership and revenue, and #2 in EBITDA.
- Located in a densely populated Southwest Denver trade area, approximately 5.5 miles from downtown Denver, with a population of 386,065 within a 5-mile radius and 160,500 within a 3-mile radius.
- Investment features a growing national tenant, Vasa Fitness, one of the top 20 largest health club operators in the country.
- KeyBank ATM pad site (0.46 acres) generating approximately $26,400 annual NOI.
Property Details for 1955 Sheridan Blvd
- Property type
- Other retail properties, Individual retail properties
- Square Feet
- 60,660 SF
- Year Built
- 2017
- Lot Size (sq. ft)
- 261,360 SF
Location Insight
- City
- Denver
- County
- Denver
- State
- Colorado
- Latitude
- 39.681176113537
- Longitude
- -105.05477650409
1955 Sheridan Blvd, Denver, Colorado
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