1630 Dartmouth Ave Englewood, CO 80110-1307
- Life science properties
- 15,065 SF
- 0.90 lot acres
Current Use by Public Records
- Sun Country Distributing / Swimming Pool Supply Store / Distribution Service
Property Details for 1630 Dartmouth Ave
- Year built
- 1998
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.90 lot acres
- Property size
- 15,065 SF
- Zone code
- EI2
- Property type
- Life science properties
- APN
- 1971-33-3-00-056
- APU
- 197133300056
Description
This exceptional investment opportunity presents a 15,000-square-foot industrial property located at 1630 W Dartmouth Ave, Englewood, CO 80110, within Arapahoe County. The property, built in 1960, features a mix of distribution, executive office, and warehouse space, currently leased to Heritage Pool Supply, a wholly-owned subsidiary of SRS Distributions, under a triple-net (NNN) lease. The lease commenced September 29, 2022, and expires September 29, 2037, with two five-year lease options. The asking price is $3,100,000, representing a compelling 7.55% capitalization rate based on a net operating income (NOI) of $234,000. The building boasts masonry and brick construction, and the warehouse area benefits from an evaporative cooling system. Loading capabilities include one drive-in door and one dock-high door, supported by 200-amp, 480-volt, 3-phase power. The 0.96-acre lot is zoned I-A and UO-2, providing flexibility. The property enjoys excellent access to I-25 via Mississippi and Santa Fe avenues, offering convenient access to central Denver and downtown Denver. Annual rent increases are set at $0.50. This core investment presents a strong cash flow opportunity with a long-term tenant in place.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Englewood
- County
- Arapahoe
- State
- Colorado
- Longitude
- -105.008
- Latitude
- 39.6597
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
