5959 39th Ave Denver, CO 80207

This exceptional Denver industrial property offers 54,210 square feet of warehouse space on a 1.85-acre lot at 5959 E 39th Ave, Denver, CO 80207. Built in 1967, this single-story building features two units, one currently occupied and one available for owner-user occupancy or leasing. The property boasts 30 parking spaces, two dock-high doors, and heavy HVAC with 40+ RTUs. The I-A zoning allows for a variety of uses. The asking price is $6,500,000, translating to $119.90 per square foot. The current tenant occupies 14,143 square feet, while the remaining 40,067 square feet (including approximately 4,000 square feet of office space) is available. An investor could potentially achieve a 7.5% cap rate by leasing the vacant space at $11 per square foot, triple net (NNN). The property's prime location on East 39th Avenue and Holly Street, with close proximity to I-70, offers excellent accessibility and strong area demographics. Rent bumps are included in the lease agreement. Occupancy is available May 8, 2024. This presents a unique opportunity for both owner-users and investors seeking a strong return in a desirable Denver location.