TITLE:
Remodeled Office Condos in Prime Cherry Creek Location
CONTROL:
Exclusive
VALUE:
$1,189,000
LOAN:
$650,000
EQUITY:
$539,000
TYPE:
Office Building
HAVE:
Two outstanding suites; efficient lay-outs totaling 3,981 SF in Central/SE Denver location across from the new Four Mile Entertainment District/Cherry Creek w/shopping, restaurants, theaters, etc. Tons of parking at no charge. Monument signage.
ADDRESS:
469 S Cherry Street, #201 and #220, Denver, Colorado
BENEFITS TO NEW OWNER:
Fantastic office location with lots of parking - Professionally remodeled office condos are 3,073 and 908 sf = 3,981 sf. High walk and biking scores.
GROSS SCHEDULED INCOME:
$120,000 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$120,000
EXPENSES:
$54,500
NOI:
$65,500
DEBT SERVICE:
$0
CASH FLOW:
$65,500
CAP RATE:
5.51%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$615,000
$0
0%
12/31/1969
No
BENEFITS SOUGHT:
Will consider partial trade with path to cash i.e. residential property.
CAN ADD:
?
REMARKS:
Income is projected. OpEx includes all utilities.
COUNSELOR:
Gail Hamilton, CCIM
Commercial Advisors, LLC
PO Box 40123
Denver, , 80204
Phone: 303-898-4245
Email ghamilton@ccim.net
