Menu3254-3258 Larimer Street
Denver, CO 80205 — Denver county
Price
$6,600,000
Sqft
13907.00 SqFt
Baths
0
Beds
0
Description
This beautiful 4-unit commercial space is nestled in the heart of RiNO, Denver’s fastest growing district. All 4 Oxpecker tenants, The Greenwich, RiNo Dental, M Moser Architecture and Chrysalis Continuing Care have NNN leases signed through 2026 and beyond. The current NOI is ~$429k with 3% rent escalations each year.
The 3-story building at 3258 Larimer St was built in 2018 and the existing single-story building at 3254 has been completely remodeled. With looming uncertainty in the debt markets, the Oxpecker is an attractive investment with an assumable non-recourse CMBS loan at a 5.34% interest rate that has close to 5 years remaining on the term and a principal balance of just under $4.1 million.
3254-3258 Larimer is a great opportunity to own a 100% NNN leased investment while growth and new development continue in RiNo for years to come.
INVESTMENT SUMMARY
Price: $6,600,000
Total Units: 4
Price/SF: $475
Avg Rent/SF: $30.84 NNN
Current NOI: $428,971
Current Cap Rate: 6.50%
Property Level and Sizes
SqFt Lot
9357.00
Lot Size
0.21
Interior Details
Exterior Details
Sewer
Public Sewer
Land Details
Garage & Parking
Exterior Construction
Financial Details
Previous Year Tax
123316.00
Year Tax
2022
Primary HOA Fees
0.00
Location
Walk Score®
Contact me about this property
Doug James
RE/MAX Professionals
6020 Greenwood Plaza Boulevard
Greenwood Village, CO 80111, USA
6020 Greenwood Plaza Boulevard
Greenwood Village, CO 80111, USA
- (303) 814-3684 (Showing)
- Invitation Code: homes4u
- doug@dougjamesteam.com
- https://DougJamesRealtor.com
Contact Me
With courtesy of Kaufman Hagan Posted by REcolorado (Denver)
Schedule a Showing
To request an appointment to see this property, fill out the following fields and click the "Send Request" button. An email will be sent to me with your request.
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ('IDX') program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than RE/MAX Masters Millennium are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.