8101 Midway Dr Littleton, CO 80125-1000
- Manufacturing properties
- 48,820 SF
- 2.89 lot acres
Aug 03, 2022
Current Use by Public Records
- Prolific Sports / Sports Complex
- Canopy Aerospace / Aerospace Company / Manufacturer
- Southside Plumbing / Hot Water System Supplier / Kitchen Remodeler
Property Details for 8101 Midway Dr
- Year built
- 1989
- Lot size
- 2.89 lot acres
- Property size
- 48,820 SF
- Property type
- Manufacturing properties
- APN
- R0339281
- APU
- R0339281
Description
This exceptional investment opportunity presents a fully occupied, 48,756-square-foot industrial flex building located at 8101 Midway Drive in Littleton, Colorado. The property, situated on 2.89 acres, features three tenants: Southside Plumbing, Canopy, and Prolific Sports, all under a triple-net (NNN) lease structure. Built in 1989 and 2018, the single-story building boasts 16 dock-high doors and ample parking with 99 spaces. The property enjoys a 100% occupancy rate with a weighted average lease term (WALT) of 5.98 years, generating a substantial annual net operating income. Located in Douglas County, the property benefits from convenient access to Highway 85 and C-470, placing it within a desirable Denver southwest submarket. The building is fully climate-controlled, utilizing geothermal heating and cooling, and is zoned LI. The property's strong tenant base and long-term leases provide a secure and stable income stream for investors. This is a rare opportunity to acquire a high-performing industrial asset in a prime location. The property's features include 1 building, 3 units, and a total of 48,756 net rentable square feet. The APN is 2229-070-02-002. The zip code is 80125.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,305,000
- ML approach
- $6,575,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $11,610,000
- 6.5%
- $10,720,000
- 7%
- $9,955,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $10,806,000
Market price range: $10.8M - $14.9M
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Location Insight
- Map
- Local Demand
- City
- Littleton
- County
- Douglas
- State
- Colorado
- Longitude
- -105.039
- Latitude
- 39.5485
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA