644 North 7th Avenue
- Address:
- 644 North 7th Avenue, Brighton, CO 80601
- Property Type:
- Multi Tenant
- Price:
- $1,750,000
- Cap Rate:
- 7.17% cap
- Square Feet:
- 10,000 sqft
- Lot Size:
- 1.14 Acres
- Price Per Square Foot:
- $175.00
- Year Built:
- 1997
-
Marketing Package*
Investment Highlights
Investment Highlights
- 100% Occupied Small-Bay Industrial Property
- 2,000 Square Feet Average Unit Size
- Short-Term Leases with Below-Market Rents
- Excess Yard Space for Outside Storage
Investment Overview
The property is a multi-tenant industrial asset spanning 10,000 square feet and situated on 1.14 acres. The asset features metal construction and has five drive-in doors. Outside storage is also available, providing additional space for equipment and supplies.
Located along U.S. Route 85 in Brighton, the property is easily accessible for tenants and customers. The property is also well-positioned within the Denver International Airport submarket, which has a 1.1% vacancy rate among comparable properties under 25,000 square feet. This indicates a strong demand for industrial space in the area, making the property a desirable investment opportunity.
The property is fully occupied, with several tenants on short-term leases below market rates, creating a value-add opportunity for investors, in addition to yard space available for lease. This sale offers flexible purchasing options, with the opportunity to acquire individual buildings.