Current Use by Public Records
- Warehouses
Property Details for 1250 Simms St
- Year built
- 1964
- Lot size
- 2.36 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional industrial investment opportunity presents a 54,416-square-foot, fully leased Class B distribution, manufacturing, and warehouse facility located at 1250 Simms Street in Lakewood, Colorado. The property boasts a strong 7.01% cap rate and a Net Operating Income (NOI) of $552,427. Built in 1964 and situated on a 2.36-acre lot, the single-story building features six loading docks, one dock-high door, and impressive ceiling heights ranging from 16 to 18 feet. The property is currently 100% occupied by five tenants with a history of long-term operations, offering varied rent bumps. An assumable loan of approximately $2,885,000 is available at 5.5% interest, amortized over 12 years with a balloon payment in August 2033. The property benefits from a new roof installed in 2018, under warranty until October 2028, updated electrical systems, and LED lighting. Conveniently located with easy access to major interstates and adjacent to the Light Rail, this property also includes 78 parking spaces. Extensive environmental monitoring for over two decades shows significantly decreasing levels; additional data is available upon request. Bank financing is readily available, comfortable with the existing environmental monitoring and status. The seller will guarantee the rent on Unit 103 for up to one year, making this a compelling opportunity for both investors and owner-users. The property is zoned LI-RD (Light Industrial).
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Golden
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.231
- Latitude
- 39.7159
