12345 52Nd AveWheat Ridge, CO 80033

For Sale
$1,293,910

High-Cap Rate Industrial Property

Overview

Added:
Dec 11, 2024
Days on market:
90
This fee-simple industrial warehouse, located at 12345 W 52nd Ave, Wheat Ridge, CO 80033, offers a compelling investment opportunity. The 10,806 square-foot building, constructed in 1984, sits on a 0.53-acre lot and is currently 100% occupied by TDA Research, a long-term tenant (lease in place until 2025) specializing in research and development for defense, aerospace, energy, and chemical industries. The property features a Class B designation, two loading docks, and a desirable PUD-Industrial zoning. The building is a two-story structure with shop and lab space on the ground floor and one drive-in door. The asking price is $1,293,910, representing a price per square foot of $119.74 and a compelling 9.67% capitalization rate with a Net Operating Income (NOI) of $125,148. The property benefits from its convenient location, just off Ward Road in Arvada, with easy access to I-70 and proximity to light rail. This presents a strong investment opportunity in a submarket with low vacancy rates (1.1%) and high average rental rates ($14.50/sq ft). The property is a single-tenant, NNN lease.

Highlights

  • 10,806 SF R&D flex building on a 0.53-acre lot.
  • Two-story building with ground-floor shop/lab space and one drive-in door.
  • Leased to TDA Research through 2025.
  • Arvada submarket; 1.1% vacancy, $14.50 average rent.
  • Convenient Ward Road location, walkable to light rail.
  • Less than one mile to I-70.

Property Details for 12345 52Nd Ave

Property type
Other warehouses, Other industrial properties
Square Feet
10,806 SF
Class
B
Year Built
1984
Buildings
1
Lot Size (sq. ft)
23,087 SF
Units
1

Location Insight

City
Wheat Ridge
County
Jefferson
State
Colorado
Latitude
39.7913274
Longitude
-105.1368946
12345 52Nd Ave, Wheat Ridge, Colorado

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12345 52Nd Ave
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