3301 E 42Nd Ave Denver, CO 80216

Property Details for 3301 E 42Nd Ave

Year built

1963

Property size

10,355 SF

Property type

Manufacturing properties

Property subtype

Distribution centers

Description

This Denver, CO industrial property at 3301 E 42nd Ave offers a compelling investment or owner-user opportunity. The 10,355 square foot building, constructed in 1963, sits on a 13,612 square foot lot and is zoned I-A. Currently featuring a mix of leased and vacant space, the property boasts 6,140 square feet of net rentable area available, with a current occupancy of 40%. The asking price is $1,800,000, representing a price per square foot of $173.83 and a pro-forma cap rate of 7.11%. The property includes three loading docks, a 12-foot ceiling height, and is fully sprinklered with heavy power. The existing lease is a triple net (NNN) multi-tenant agreement with a remaining term of approximately 2.4 years (expiring March 31, 2027), generating a current NOI of $52,687 and a pro-forma NOI of $128,000. The building is easily divisible into smaller units, with separate meters already in place. This single-story structure presents a versatile space suitable for distribution, manufacturing, or warehouse operations. The property's location in Denver, CO, zip code 80216, offers convenient access to major transportation routes.