7499 41St AveDenver, CO 80216

For Sale
$3,200,000

10,451 SF Warehouse, 6.45% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 10,451-square-foot industrial warehouse, situated on a 2.9-acre lot in Denver, Colorado (zip code 80216), presents a compelling investment opportunity. The property, built in 1998 and boasting a Class C designation, is currently 100% occupied under a NNN lease with a single tenant. The building features an 18-foot ceiling height, two loading docks, and one dock-high door, providing ample space for storage and operations. The property also includes 25 parking spaces. The zoning is I-MX-5, allowing for potential future development. The asking price is $3,200,000, representing a compelling $306.19 per square foot and a 6.45% cap rate (6.68% pro-forma). The Net Operating Income (NOI) is $206,400, with a pro-forma NOI of $213,624. Conveniently located just off Interstate 70, this property offers easy access to Downtown Denver (approximately 15 minutes) and Denver International Airport (approximately 20 minutes). The low building coverage ratio of 8% provides significant outdoor storage space. This fee-simple ownership opportunity is ideal for investors seeking strong returns in a desirable Denver submarket with a low vacancy rate of 3.9%.

Highlights

  • 10,451-square-foot single-tenant industrial warehouse on a 2.9-acre lot in Denver, CO (80216).
  • Features 18' clear height, two drive-in doors, and a truck well.
  • 100% occupied by TMI, a leading traffic control provider, under a NNN lease.
  • Five-year lease renewal effective June 2025 with seller-provided rental compensation.
  • Desirable location off I-70, offering easy access to downtown Denver and DIA, with a low 3.9% vacancy rate.

Property Details for 7499 41St Ave

Property type
Other warehouses, Other industrial properties
Square Feet
10,451 SF
Class
C
Year Built
1998
Buildings
1
Lot Size (sq. ft)
126,324 SF
Units
1

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.7756994
Longitude
-104.901282
7499 41St Ave, Denver, Colorado

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7499 41St Ave
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