9 Inverness Drive East
- Address:
- 9 Inverness Drive East, Englewood, CO 80112
- Property Type:
- Single Tenant
- Price:
- $2,900,000
- Cap Rate:
- 7.87% pro forma cap
- NOI:
- $174,300
- Square Feet:
- 16,308 sqft
- Lot Size:
- 0.94 Acres
- Price Per Square Foot:
- $177.83
- Year Built:
- 1977
-
Marketing Package*
Investment Highlights
Investment Highlights
- 16,308-Square-Foot Industrial Asset Situated on 0.94 Acres
- Masonry Construction Featuring Heavy 1,200amp Three-Phase Power, Two Grade-Level Doors, and Ability to Demise for Multi-Tenant Use
- Attractive Seller Financing Available; Contact Broker for Details
- Lease Expiring In February 2027 with No Renewal Options. Current Lease Rate is 20% Below Market Rate
- Recent Renovations Include: New Roof, HVAC, and Exterior Upgrades
- Located Along I-25 and E-470 In The Inverness Business Park
Investment Overview
The property is a 16,308-square-foot industrial asset situated on 0.94 acres of land. It features masonry construction and has heavy 1,200 amp, three-phase power, making it suitable for a variety of industrial uses. The industrial building also has two grade-level doors, which provide easy access for loading and unloading goods. Additionally, the property has the ability to be demised for multi-tenant use, offering flexibility for potential buyers or investors. Its location along I-25 and E-470 provides easy access to surrounding areas, making it an ideal location for businesses that require transportation and logistics. The property’s size and layout make it an attractive option for businesses seeking a spacious and functional industrial space.
The industrial building has recently undergone renovations, including a new roof, parking lot, HVAC system, and exterior upgrades. These enhancements have improved the property’s overall condition and functionality, making it a more attractive option for potential buyers or investors. The current lease is set to expire in February 2027, with no renewal options, providing an opportunity for value-add investors or owner-users. The existing lease rate is 20% below market rate, offering potential for increased revenue. Seller financing may be available for qualified buyers. The combination of recent improvements and the upcoming lease expiration creates an opportunity for investors to capitalize on potential rental income growth. The property’s location and condition make it a valuable asset in the industrial market.