5005 W 81st Pl - Office FOR SALE


Westminster, CO 80031
$2,900,000 USD
303-962-9563
5005 W 81st Pl, Westminster, CO for Sale
$2,900,000 USD
Office - FOR SALE
1/30
null | Request Cap Rate

5005 W 81st Pl
Westminster, CO 80031


HIGHLIGHTS

  • AT&T Rooftop Antenna on Long Term Lease with Annual Escalations
  • Consistently 100% Leased
  • Coveted Executive Office Suites
  • Ideal Leases and Rollover Schedule
  • Annual Rent Increases + Expense Reimbursements
  • Wonderfully Maintained Building with Low Surrounding Competition

OVERVIEW

This 4 story, updated suburban office with coveted cell tower income, boasts a 100% occupancy rate, which allows the new owner to seamlessly step in and generate immediate cashflow. Notably, AT&T has a long-term lease at the property, extending until 2039, with current rent set at $3,474 per month, increasing by 3% annually. There are very little capital expenditures needed or expected in the foreseeable future due to the impeccable maintenance of the building since the current ownership took over in 2017. As part of Denver’s exploding Northwest Corridor, this asset is poised to make a stable and productive addition to an Investor’s portfolio.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$189 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sheridan Professional Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

R-3, Westminster

APN/PARCEL ID

1719-30-3-10-004

ASK ABOUT THIS PROPERTY

Keith LenzPinnacle Real Estate AdvisorsMore Info
303-962-9563

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Keith LenzPinnacle Real Estate AdvisorsMore Info
303-962-9563

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.