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    Denver Industrial Building with Freezer Title is generated by Realmo AI

    10700 45th Ave, Denver, CO

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    115,610 SF industrial building with freezer/cooler improvements for sale.

    Type:INDUSTRIAL
    Property size:
    115,610 SF
    Lot size:
    6.00 Acres
    Price / SF:
    $129/SF
    Added:
    May 29, 2024
    Days on Market:
    752
    Last Refresh:
    May 20 at 9:17 pm

    Property Features for 10700 45th Ave

    General Information

    Standard status
    Active
    Size
    115,610 SF
    Lot size
    6.00 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    James Bolt

    Listing agent James Bolt

    Listing office CBRE - Denver

    Listing date May 29, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Denver

    HighLights

    • ±115,610 SF industrial building.
    • Existing freezer/cooler improvements totaling 10,540 SF.
    • Rail served by UP (subject to track agreement).
    • Extensively remodeled in 2006, 2015 & 2022.
    • Ample loading and secure site.
    • 5.87 AC site size.

    Overview

    An approximately 115,610 square foot industrial building is available for sale. The property includes a single story with a mezzanine level. Existing freezer and cooler improvements total approximately 10,540 square feet. The site is secured and offers ample loading capabilities. The property is located on a 5.87-acre site and is zoned I-B. Originally constructed in 1979, the building underwent extensive remodeling in 2006, 2015, and 2022. Rail service is available via Union Pacific, subject to a track agreement.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $1.53M $13.20
    − Vacancy −$120.6k −$1.04
    EGI $1.41M $12.16
    − OpEx −$210.8k −$1.82
    NOI $1.19M $10.33
    115,610 SF · lease $13.20/SF/yr · vacancy 7.90% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $17.07M
    $14.93M – $19.91M (±1% cap)
    NOI $1,194,670 @ 7.0% cap · market cap 7.96%
    Second Best
    Industrial
    $14.03M
    $12.27M – $16.37M (±1% cap)
    NOI $981,923 @ 7.0% cap · market cap 6.55%
    Theoretical Best
    Office A
    $36.80M
    $32.20M – $42.94M (±1% cap)
    NOI $2,576,198 @ 7.0% cap · market cap 17.17%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Food Bank of the Rockies Food Bank

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Pharmacy Auto Repair Shop Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Closetbox — 12000 E 45th Ave #103, Denver, CO 80239
    • Extra Space Storage — 11855 E 40th Ave, Denver, CO 80239
    • Public Storage — 10298 E 45th Ave, Denver, CO 80238
    • Amazing Moves Moving and Storage — 4740 Florence St, Denver, CO 80238
    • Great Plains Moving and Storage — 4655 geneva st, denver, co 80238

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.864
    Latitude
    39.7778

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    FAQs

    What type of property is this?
    Warehouse - 115,610 SF industrial building with freezer/cooler improvements for sale.
    Where is this warehouse located?
    The property is located at 10700 45th Ave Denver, CO.
    What is the asking price?
    The asking price for this property is $15,000,000.
    What are key features of this property?
    This property features: ±115,610 SF industrial building.; Existing freezer/cooler improvements totaling 10,540 SF.; Rail served by UP (subject to track agreement).
    (720) 528-6310 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    James Bolt
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