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Note
Bankruptcy Auction: Denver Retail Center 6553 West Colfax Avenue, Lakewood, CO, USA
Property Overview
Price/Rent PSF $ 87.33
Asset Type Retail
Trade Type Sale
SQ. FT. Available 42,886
Date Available 05/30/2018
Parking 111
Floors 1
Additional URL Link
Space 1 Family Dollar
Space 2 Liquor Store
Space 3 Coin Laundry
Space 4 Furniture Store
Space 5 Restaurants and More
Search Demographic Data Explore financing options
Description

Bankruptcy Trustee Auction
Bid Deadline: May 30
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 11 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 66% occupancy, with 4 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).

Location

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