1630 Dartmouth AveEnglewood, CO 80110

For Sale
$3,100,000

15,000 SF, 7.55% Cap Rate, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a 15,000-square-foot industrial property located at 1630 W Dartmouth Ave, Englewood, CO 80110, within Arapahoe County. The property, built in 1960, features a mix of distribution, executive office, and warehouse space, currently leased to Heritage Pool Supply, a wholly-owned subsidiary of SRS Distributions, under a triple-net (NNN) lease. The lease commenced September 29, 2022, and expires September 29, 2037, with two five-year lease options. The asking price is $3,100,000, representing a compelling 7.55% capitalization rate based on a net operating income (NOI) of $234,000. The building boasts masonry and brick construction, and the warehouse area benefits from an evaporative cooling system. Loading capabilities include one drive-in door and one dock-high door, supported by 200-amp, 480-volt, 3-phase power. The 0.96-acre lot is zoned I-A and UO-2, providing flexibility. The property enjoys excellent access to I-25 via Mississippi and Santa Fe avenues, offering convenient access to central Denver and downtown Denver. Annual rent increases are set at $0.50. This core investment presents a strong cash flow opportunity with a long-term tenant in place.

Highlights

  • Excellent I-25 access via Mississippi and Santa Fe.
  • Evaporative cooling in warehouse.
  • Masonry and brick construction.
  • One drive-in door and one dock-high door.
  • 200-amp, 480-volt, 3-phase power.
  • I-A, UO-2 zoning.

Property Details for 1630 Dartmouth Ave

Property type
Other warehouses, Other office properties
Square Feet
15,000 SF
Year Built
1960
Lot Size (sq. ft)
41,818 SF

Location Insight

City
Englewood
County
Arapahoe
State
Colorado
Latitude
39.6595937
Longitude
-105.0079917
1630 Dartmouth Ave, Englewood, Colorado

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1630 Dartmouth Ave
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