Retail building near trades for $230 per square foot

378
378
Share this Article
Facebook Twitter LinkedIn Google Pinterest StumbleUpon Email

Arapahoe County

Property Location: 6250 E. Yale Ave., Denver

Property Description: 4,950-sf retail building, YOC 1966, brick/block const.

Land Size: 21,000 sf

Sales Price: $925,000, or $186.87 psf

Reception No.: D8049462

Closing Date: 5/21

Grantor: Eddie & Monica Pacheco

Grantee: 6250 E. Yale LLC

Comments: This property was listed by William P. Trinen of Trinen Realty Partners, 303-601-7732. There are four tenants, including Allstate Insurance with 1,500 sf, Cure Dispensary with 1,500 sf, Sensenig Chiiropractor with 1,000 sf and Right Brain Tatoo occupying 950 sf. The building generates $79,800 per annum with expenses estimated at $2per square foot. The going-in cap rate is 7.55%.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.

In this article