600 Bayaud Ave Denver, CO 80223-1802

Property Details for 600 Bayaud Ave

Year built

1954

Construction

STEEL FRAME

Lot size

2.82 lot acres

Property size

76,781 SF

Zone code

I-MX-5

Property type

Warehouses

APN

05103-00-039-000

APU

510300039000

Description

This offering presents a unique opportunity to acquire a 77,000 square foot Class B warehouse and distribution facility situated on a 2.82-acre lot in Denver, Colorado. Located at 600 W Bayaud Ave, in the Baker neighborhood, this property benefits from a highly desirable location, less than half a mile from the Alameda and I-25 interchange. The property is currently 100% occupied by Next Level Resource Partners, an international third-party logistics provider, under a single-tenant net lease with approximately 2.7 years remaining. The existing lease offers a significant mark-to-market opportunity, with current rent approximately 35% below market rates. This presents a compelling investment prospect due to the low vacancy rate (3.6%) in the Central submarket, allowing for potential NOI increases upon lease expiration or through a landlord termination option (with 9 months' notice). Adding to the investment potential is a secondary income stream from an existing antenna lease with Verizon, covering 432 square feet, with two years remaining and a five-year option at a 120% rent increase. The property's strategic location within a dense population area (1 million people within a 20-minute radius) further enhances its long-term value and potential for future appreciation. This offering represents a strong investment in a functional distribution property within a tight Denver submarket. The zip code is 80223.

Location Insight

City

Denver

County

Denver

State

Colorado

Longitude

-104.996

Latitude

39.7142

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments