441 wadsworth€¦ · each office independently owned and operated kwcommercial.com kw commercial...
TRANSCRIPT
Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL11859 Pecos StreetBroomfield, CO 80234
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.Each KW Commercial Brokerage Business is Independently Owned and Operated
ERIC FRITZKEAssociate / Realtor®0: 303.539.7661C: [email protected]
GORDON BALLINGERAssociateO: 303.489.2307C: [email protected]
OFFERING SUMMARY
SALE PRICE: $4,200,000
CAP RATE: 7.22%
NOI: $303,241
AVAILABLE SF: 823 - 1,194 SF
LOT SIZE: 2.314 Acres
YEAR BUILT: 1980
BUILDING SIZE: 32,087 SF
ZONING: C-2
MARKET: Denver
SUBMARKET: West Denver
PRICE / SF: $130.89
PROPERTY OVERVIEWSolid office building conveniently located on Wadsworth Blvd just S. of 6th Ave.
PROPERTY HIGHLIGHTS• Building - 32,087 S/F
• Multi Tenant - 24 Suites
• Interior Courtyard
• High Traffic Counts - Average Daily Volume Wadsworth Blvd 66,000
• Lot- 100,788 S/F
• Parking - 140 free Surface Spaces
• Construction - Masonry
• Located Just South of 6th Ave.
• Easy Access to Denver & Mountains
441 Wadsworth Blvd, Lakewood, CO 80226
441 WADSWORTH
OFFICE FOR SALE
Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL11859 Pecos StreetBroomfield, CO 80234
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.Each KW Commercial Brokerage Business is Independently Owned and Operated
ERIC FRITZKEAssociate / Realtor®0: 303.539.7661C: [email protected]
GORDON BALLINGERAssociateO: 303.489.2307C: [email protected]
441 Wadsworth Blvd, Lakewood, CO 80226
441 WADSWORTH
OFFICE FOR SALE
Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL11859 Pecos StreetBroomfield, CO 80234
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.Each KW Commercial Brokerage Business is Independently Owned and Operated
ERIC FRITZKEAssociate / Realtor®0: 303.539.7661C: [email protected]
GORDON BALLINGERAssociateO: 303.489.2307C: [email protected]
441 Wadsworth Blvd, Lakewood, CO 80226
441 WADSWORTH
OFFICE FOR SALE
Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL11859 Pecos StreetBroomfield, CO 80234
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.Each KW Commercial Brokerage Business is Independently Owned and Operated
ERIC FRITZKEAssociate / Realtor®0: 303.539.7661C: [email protected]
GORDON BALLINGERAssociateO: 303.489.2307C: [email protected]
441 Wadsworth Blvd, Lakewood, CO 80226
441 WADSWORTH
OFFICE FOR SALE
Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL11859 Pecos StreetBroomfield, CO 80234
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.Each KW Commercial Brokerage Business is Independently Owned and Operated
ERIC FRITZKEAssociate / Realtor®0: 303.539.7661C: [email protected]
GORDON BALLINGERAssociateO: 303.489.2307C: [email protected]
TENANT
NAME
UNIT
NUMBER
UNIT
SIZE (SF)
LEASE
START
LEASE
END
ANNUAL
RENT
% OF
BUILDING
PRICE
PER SF/YR
Angels Family 101 1,946 08/01/2020 07/31/2025 $18,215 6.06 $9.36
White Crane Medicine 103 1,238 03/01/2020 02/28/2023 $12,071 3.86 $9.75
Sty/ash Studio LLC 105 763 06/01/2018 05/30/2021 $6,104 2.38 $8.00
Norman Timothy Backstrom Jr 105A 981 03/01/2020 02/28/2023 $8,829 3.06 $9.00
Angels Family 107 1,531 08/01/2020 07/31/2025 $14,330 4.77 $9.36
Steven Hesch 111 809 03/01/2020 02/28/2023 $7,281 2.52 $9.00
Vacant 204 & 206 1,194 0 0 $0 3.72 $0.00
Siera Capesius & Alex Carneiro 207 307 03/01/2018 07/31/2020 $2,606 0.96 $8.49
Oculus Systems 213 837 03/01/2020 02/28/2023 $7,533 2.61 $9.00
Siera Capesius & Alex Carneiro 215 3,081 06/01/2017 07/31/2020 $26,158 9.6 $8.49
Allied Health Career Training 200 1,712 11/01/2017 10/31/2020 $14,963 5.34 $8.74
Alpha Bail Bonds LLC 220 840 02/01/2018 01/31/2021 $7,560 2.62 $9.00
Timothy Krasniewicz 222-A 357 10/01/2017 09/30/2020 $3,120 1.11 $8.74
Protech Locksmith 222-B 357 05/01/2019 04/30/2022 $3,313 1.11 $9.28
Jona Bonecutter 224 893 03/01/2018 04/30/2021 $8,037 2.78 $9.00
Alternatives Pregnancy Center Inc. 225 980 04/01/2017 03/31/2022 $8,330 3.05 $8.50
Recon Construction Company 225-A 736 03/01/2020 02/28/2022 $6,624 2.29 $9.00
SER-Jobs for Progress National, Inc 225-B 430 08/01/2017 07/31/2020 $3,655 1.34 $8.50
Barton Beckley 225-C 320 03/01/2020 02/28/2023 $2,880 1.0 $9.00
Patrick Sheehan 225-D 218 10/01/2018 0930/2021 $1,805 0.68 $8.28
Vacant 230 823 0 0 $0 2.56 $0.00
Allied Health Career Training 234 880 04/01/2019 10/31/2020 $7,691 2.74 $8.74
Empire Beauty School Lakewood 100. 8,000 12/01/2005 11/30/2025 $121,555 24.93 $15.19
Totals/Averages 29,233 $292,660 $10.01
INCOME SUMMARY 441 WADSWORTH
441 Wadsworth Blvd, Lakewood, CO 80226
441 WADSWORTH
OFFICE FOR SALE
Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL11859 Pecos StreetBroomfield, CO 80234
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.Each KW Commercial Brokerage Business is Independently Owned and Operated
ERIC FRITZKEAssociate / Realtor®0: 303.539.7661C: [email protected]
GORDON BALLINGERAssociateO: 303.489.2307C: [email protected]
INCOME SUMMARY 441 WADSWORTH$310,669Potential Rent Income
CAM Income $182,765Uncategorized Income $1,802Bad Check Fees $90
Gross Income $495,327
EXPENSE SUMMARY 441 WADSWORTH
Insurance $10,437Management Expense $18,000Repairs & Maintenance $46,467Property Taxes 2019 $46,933Total Utilities $56,023Professional Fees $4,905
Gross Expenses $182,765
Net Operating Income $303,241
441 Wadsworth Blvd, Lakewood, CO 80226
441 WADSWORTH
OFFICE FOR SALE
Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL11859 Pecos StreetBroomfield, CO 80234
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.Each KW Commercial Brokerage Business is Independently Owned and Operated
ERIC FRITZKEAssociate / Realtor®0: 303.539.7661C: [email protected]
GORDON BALLINGERAssociateO: 303.489.2307C: [email protected]
POPULATION 1 MILE 3 MILES 5 MILES
Total Population 13,061 130,439 361,721
Average age 37.4 37.2 36.3
Average age (Male) 36.7 35.7 35.0
Average age (Female) 38.2 38.5 38.0
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 5,337 53,759 149,120
# of persons per HH 2.4 2.4 2.4
Average HH income $56,058 $54,805 $59,243
Average house value $234,356 $237,340 $254,222
* Demographic data derived from 2010 US Census
441 Wadsworth Blvd, Lakewood, CO 80226
441 WADSWORTH
OFFICE FOR SALE