8380 Wyandot StWestminster, CO 80221

For Sale
$2,200,000

Prime Denver location, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a three-story, 15,006-square-foot medical office building in Westminster, Colorado. Located at 8380 Zuni St & 8371 Wyandot St, this Class C property boasts seven units and offers a compelling blend of established income and future development potential. Built in 1977, the building features a ramp and elevator for accessibility, and is situated on a substantial 34,875-square-foot lot. Currently generating a NOI of $84,226, a pro-forma NOI of $170,529 projects a 7.75% cap rate. The property includes a 15-year rooftop lease with T-Mobile, adding a consistent revenue stream. The zoning is C-0, allowing for a variety of uses. The asking price is $2,200,000, translating to $146.61 per square foot. The land value alone is $63.08 per square foot. Short-term leases are in place, presenting an opportunity for an owner-user or to increase rental income. Seller financing may be available at 5% interest, contingent upon the offer. The property's proximity to two hospitals, CommonSpirit Primary Care 84th Avenue and OnPoint Family Medicine at Westminster, further enhances its desirability and potential for growth. This is an ideal investment for a medical professional seeking an owner-user opportunity or an investor looking for strong returns in a thriving Denver market.

Highlights

  • Seller financing offered at 5% interest, terms dependent on offer.
  • Three-story medical office building, fully built-out.
  • Building features ramp and elevator access.
  • Short-term lease options available.
  • Ideal owner-user opportunity for medical professionals.
  • 7.75% cap rate based on pro forma rents.

Property Details for 8380 Wyandot St

Property type
Other office properties, Medical offices
Square Feet
15,006 SF
Class
C
Year Built
1977
Buildings
1
Stories
3
Units
7

Location Insight

City
Westminster
County
Adams
State
Colorado
Latitude
39.848540565152
Longitude
-105.01534100088
8380 Wyandot St, Westminster, Colorado

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8380 Wyandot St
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