9601-9609 W 57th Pl
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9601-9609 W 57th Pl
4,640 SF 100% Leased Retail Building Arvada, CO 80002 $1,063,102 CAD ($229 CAD/SF) 6.16% Cap Rate
Investment Highlights
- Low-cost multi-tenant retail center
- Strong demographics near new development
- Stable income with upside at renewals
- Well below replacement cost at $162 per foot
- Long-term established tenants
- Metered separately for gas, electric, and sewer
Executive Summary
Unique Properties Inc. is pleased to present this opportunity to acquire a stabilized, well priced retail center in Arvada, Colorado. This property offers almost 5,000 feet of retail space located just off Ralston Road in a rapidly expanding part of the city. Across the street from a Walmart shopping center, there’s a constant flow of traffic strengthening the tenants. Within a half-mile of Arvada Villa, there are currently 695 new single and multi-family units as well as townhomes under construction which will only increase visits to this property. With current gross leases in place, there’s lots of potential upside as they expire to switch to a NNN lease structure and increase rents to market.
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
4,640 SF
Building Class
C
Year Built
1960
Price
$1,063,102 CAD
Price Per SF
$229 CAD
Cap Rate
6.16%
NOI
$65,487 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.41 AC
Zoning
MX-N
Parking
24 Spaces (4.74 Spaces per 1,000 SF Leased)
Frontage
Walk Score ®
Very Walkable (84)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 39-103-07-004 | Improvements Assessment | $66,071 CAD |
| Land Assessment | $89,056 CAD | Total Assessment | $155,127 CAD |
PROPERTY TAXES
Parcel Number
39-103-07-004
Land Assessment
$89,056 CAD
Improvements Assessment
$66,071 CAD
Total Assessment
$155,127 CAD
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9601-9609 W 57th Pl
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