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.