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1187 E. 68th Avenue

1187 E 68th Ave, Denver, CO 80229, USA
Available Now
$3,970,000
40 views
FOR SALEIndustrial / Distribution
Cap Rate
6.8%
NOI
$156,233
Building Size
30,243SF
Ceiling Height / Slab to Slab
16 Ft
Lot Size
1.56AC
Year Built
1984
Listing Contacts

More property details

Zoning
I-2
Tenancy
Multi Tenant
Currently Leased
No
No of Buildings
1
No of Stories
2

Location & transit

1187 E. 68th Avenue
Getting around

Transit/Subway

Buses

Commuter Rail

Airport

About the location

Located at 1187 E. 68th Avenue in Denver, Colorado, this 30,243-square-foot industrial property is available for $3,970,000, presenting an attractive opportunity for both investors and owner-users. Unit A is leased to United Packaging Inc. at $10.60 per square foot NNN, generating $156,233 in annual rent under a five-year lease with 3.5% annual increases, while Unit B offers pro forma rental potential of $11.00 per square foot NNN, or $170,544 annually. At full occupancy, the property is projected to generate $326,777 in annual NNN income, representing an 8.23% capitalization rate. Strategically situated in Denver's desirable North-Central submarket within an Enterprise Zone, the property offers exceptional connectivity, with Interstates 25, 270, and 76 approximately half a mile away, Highway 36 within 1.5 miles, and direct access to I-70. Downtown Denver is roughly a 10-minute drive, while Denver International Airport is approximately 22 minutes away. The unique location combines a Denver mailing address with an unincorporated Adams County setting, and the versatile layout can accommodate manufacturing, distribution, research and development, or corporate headquarters. The building may also be divided into two separate units, providing additional flexibility for occupancy or investment strategies.

Transit data provided by Google. Times and distances are estimates.

1187 E. 68th Avenue
30,243 SF · industrial · Denver · CO