|Price/Rent PSF||$ 87.33|
|SQ. FT. Available||42,886|
|Space 1||Family Dollar|
|Space 2||Liquor Store|
|Space 3||Coin Laundry|
|Space 4||Furniture Store|
|Space 5||Restaurants and More|
Bankruptcy Trustee Auction
Bid Deadline: June 13
Auction Website: www.NRC.com/1805
The property is a 15-unit retail strip center consisting of three buildings, being sold as a package, with a collective 42,886 square feet of leaseable retail space on 3.49 acres. Currently 12 of the units are leased with tenants.
This is a prime value-add opportunity as the property generated $267,549 Net Operating Income (NOI) in 2017 and is only operating at 69% occupancy, with 3 vacant units, and 6 of the tenant leases expire within the next two years. The property is strategically located just 2 blocks from the Regional Transit District (RTD) Lamar Station on the W line, which opened in 2013 and has helped fuel growth in the area.
Additional Information: Jonathan Graham 312-278-6835 or [email protected]
Minimum Bid: $3,745,000 (7% Cap Rate)
Broker Co-Op: 1.5%
Sale subjection to trustee and bankruptcy court approval. NRC Realty & Capital Advisors of CO, LLC (EC.100049900).