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Denver, CO

(P) Comfort Air

Address:
5757 East 42nd Avenue, Denver, CO 80216
Property Type:
Single Tenant
Price:
$3,218,800
Cap Rate:
6.00% cap
NOI:
$601,729
Square Feet:
29,255 sqft
Lot Size:
1.20 acres
Year Built:
1965
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* By downloading the Marketing Package (Offering Memorandum) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

Investment Highlights

Investment Highlights

Investment Highlights

• Three-Property Portfolio Totaling 65,255 Square Feet of Flex Space on 4.38 Acres 100% Leased
• Multiple Properties Allow Diversification in Three Strong Colorado Submarkets with Low Vacancy Rates; Denver (4.8%), Centennial (6.5%), and Colorado Springs (2.1%)
• 3.5 Years Remaining on NNN Leases with a Renewal Option for Another Five Years
• Tenant is Comfort Air Distributing – a Subsidiary of Munch’s Supply; a Leading Midwest-Based Heating, Ventilation and Air Conditioning (HVAC) Distributor Founded in 1956
• All Three Leases Have a 3% Annual Increase on April 1st
• Below-Market Rent in 5757 East 42nd Avenue Provides Buyer Upside
• All Locations Proximate to Major Highways (I-25, C-470, US Highway 24)

BROKER OF RECORD
SKYLER COOPER
Colorado Broker of Record
1225 17th Street, Suite 1800
Denver, CO 80202
Tel: 303-328-2000
skyler.cooper@marcusmillichap.com
CO License: ER.100080019
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2020 Marcus & Millichap. All rights reserved. (Activity ID: ZAB0060861, ZAB0060862, ZAB0060863)