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3885 Upham St Wheat Ridge, CO 80033

For Sale
$3,295,000

Prime Medical Office Building, Colorado

Property size:
34,935 SF

Description

Added:
Dec 11, 2024
Days on Market:
369
This exceptional investment opportunity presents a 34,935-square-foot medical office building situated on a 1.47-acre lot in Wheat Ridge, Colorado. The property, built in 1979, offers 29,046 square feet of rentable space, boasting 11,645-square-foot floor plates, including a basement. With 143 parking spaces (a 4.21/1,000 ratio), ample parking is available for tenants and visitors. Currently operating at 56.2% occupancy, this multi-tenant building presents a strong owner-user potential or a value-add opportunity. The asking price is $3,295,000, translating to $94.32 per square foot. The property's pro-forma net operating income (NOI) is $257,546, yielding a 7.82% pro-forma capitalization rate. Its central location near the intersection of 38th Avenue and Wadsworth Boulevard offers excellent visibility and accessibility. The property's proximity to the Lutheran Legacy Campus Master Plan Redevelopment project at 8300 W 38th Avenue further enhances its long-term value and potential. The address is 3885 Upham St, Wheat Ridge, CO 80033. This is a rare chance to acquire a well-positioned medical office complex in a thriving Colorado community.

Property Features for 3885 Upham St

General Information

Property type
Medical offices
Square Feet
34,935 SF
Lot Size
64,033 SF

Building Details

Year Built
1979

HighLights

  • 34,935 square foot medical office building.
  • 29,046 rentable square feet.
  • 11,645 square foot floor plates, including basement.
  • 1.47‑acre lot (64,033 square feet).
  • 143 parking spaces (4.21/1,000 ratio).
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Medical offices

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Wheat Ridge
County
Jefferson
State
Colorado
Longitude
-105.0785595
Latitude
39.7710332

FAQs

What type of property is this?
Medical office - Prime Medical Office Building, Colorado
Where is this medical office located?
The property is located at 3885 Upham St Wheat Ridge, CO.
What is the asking price?
The asking price for this property is $3,295,000.
What are key features of this property?
This property features: 34,935 square foot medical office building.; 29,046 rentable square feet.; 11,645 square foot floor plates, including basement.
More about this property
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