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735 S Xenon Ct
Lakewood, CO 80228 Foothills

$2,375,000

Medical For Sale  •  12,522 Sq Ft

Property Details

  • Property Type Medical
  • Total Building Size 12,522 Sq Ft
  • Lot Size 0.74 ac
  • Building Class B
  • Year Built 2004
  • Cap Rate 7.46 %
  • Tenancy Multiple
35 Transit Score
60 Walk Score

Description

This is a two-story multi-tenant office property located two blocks from the Union Ave corridor and minutes from W 6th Ave Highway and I-70. The property was constructed in 2004. It has one elevator, lots of glass, a skylight that brings light into the core of the building, and the ability to demise into multiple suites on the 1st floor. The 2nd floor is occupied with two long term tenants. 
The area has seen significant development in the last few years including the completion of St Anthony's Hospital. There are numerous restaurants along both Alameda Ave and along the Union Corridor. Additionally, there are amenities such as Starbucks, Natural Grocers, King Soopers, and a 24 Hour Fitness within walking distance. The Green Mountain Hiking trail head is a short walk from the property and offers hiking and biking trails.

Highlights

100% leased with 6,023 sf available 1/1/2021
Roof replaced in 2019
Building signage available
Visible from Alameda Ave
Precast concrete construction
4 blocks from St Anthony's Hospital

Property Flyers

Financial Summary (Actual)

Net Operating Income: $177,272 (2018)
Cap Rate: 7.46 %
Total Expenses: $132,904

Major Tenants

Tenant SF Occupied Lease End Date
E J Architecture 300 SF
Given & Associates, Inc 3,453 SF
Labcorp 6,023 SF 12/31/2020

Public Transportation

AirportDriveWalkDistance
Denver International Airport 57 min - 35.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 41
Type: Surface
Included in Rent: Yes
Eric Shaw 303-962-9551 Pinnacle Real Estate Advisors
Eric Shaw 303-962-9551 Pinnacle Real Estate Advisors