Fenced-Yard Industrial
New
For Sale
$12,460,000
60-90 S Santa Fe Drive, Denver, CO 80223
Five tenants occupy the property, which offers both dock-high and drive-in loading.
Property Size42,732 SF
Lot Size1.94 Acres
Price / SF$291.58
Days on Market2
Property Features for 60-90 S Santa Fe Drive
General Information
Standard status
Active
Size
42,732 SF
Total Parking Spaces
93
Lot size
1.94 Acres
Property subtype
Industrial
Zoning
I-B
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
27 ft
Dock-High Doors
5
Drive-In Doors
4
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Building Size
42,732 SF
Year Built
1960
Tenancy
Multi
Listing Agency:
Unique Properties, Inc
Listed By:
Sam Leger · License #FA.040042452
(303) 941-8112
Source:
Uniqueprop
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:50AM
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 Unique Properties, Inc
Investment Insights
Based on property information with market context.
This 42,732 SF industrial property occupies 1.94 acres and contains five tenant spaces. Loading is served by 4 drive-in doors and 5 dock-high doors, with clear heights ranging from 12' to 27'. The site has heavy power, ESFR sprinklers, and a TPO roof; the sprinklers and roof were installed in 2018. A fenced, paved yard and 93 parking spaces are also on site. Zoning is I-B (General Industrial).
The property is at 60-90 S Santa Fe Drive in Denver, just north of Alameda Avenue. Connections to I-25, Broadway, 6th Avenue, and Downtown Denver provide access to the surrounding area.
Occupancy is 100% across five tenants in design, printing, technology, construction, and specialty manufacturing. The reported WALT is 3.3 years, with no lease expirations before late 2028. The property is offered at a 6% cap rate based on 1/1/2027 NOI.
The property is at 60-90 S Santa Fe Drive in Denver, just north of Alameda Avenue. Connections to I-25, Broadway, 6th Avenue, and Downtown Denver provide access to the surrounding area.
Occupancy is 100% across five tenants in design, printing, technology, construction, and specialty manufacturing. The reported WALT is 3.3 years, with no lease expirations before late 2028. The property is offered at a 6% cap rate based on 1/1/2027 NOI.
Key Highlights
- 42,732 SF industrial property on 1.94 acres
- 100% occupied by five tenants across several industries
- 4 drive‑in doors and 5 dock‑high doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$441,576
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,831,520
$8.8M
Cap Rate 7%
$6,308,229
$6.3M
Cap Rate 9%
$4,906,400
$4.9M
Market Conditions
NOI Build-Up for 42,732 SF
Gross rent
$564.1K $13.20/SF
− Vacancy
−$44.6K −$1.04/SF
EGI
$519.5K $12.16/SF
− OpEx
−$77.9K −$1.82/SF
NOI
$441.6K $10.33/SF
Area
Denver, CO
Vacancy
7.90%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,831,520
Cap Rate 7%
$6,308,229
Cap Rate 9%
$4,906,400
Alternative Uses
Best Use
Warehouse
$6.31M
$5.52M – $7.36M
NOI $441,576 @ 7.0% cap · market cap 3.54%
Second Best
Industrial
$5.18M
$4.54M – $6.05M
NOI $362,940 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$13.60M
$11.90M – $15.87M
NOI $952,219 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
27 ft
Clear height
5
Dock-high doors
4
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
Yes
Heavy power
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,082
Businesses Nearby
Explore this area
Business Placement
Demographics for 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
Median Home Value
Market
Vacancy Rate% for Industrial in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Five tenants occupy the property, which offers both dock-high and drive-in loading.
Where is this industrial property located?
The property is located at 60-90 S Santa Fe Drive Denver, CO.
What is the asking price?
The asking price for this property is $12,460,000.
What are key features of this property?
This property features: 42,732 SF industrial property on 1.94 acres; 100% occupied by five tenants across several industries; 4 drive‑in doors and 5 dock‑high doors
