8774 Yates Dr Westminster, CO 80031

Property Details for 8774 Yates Dr

Year built

1985

Lot size

1.69 lot acres

Property size

36,817 SF

Property type

Commercial real estate

APN

171930218021

Description

This exceptional three-story, 36,817 square foot office building in Westminster, Colorado, presents a compelling investment opportunity. Built in 1985 and renovated in 2012, the property boasts a prime location at 8774 Yates Dr, within Adams County. Currently 100% occupied by 15 tenants, generating a substantial net operating income (NOI) of $301,278 and a 6.85% cap rate, this stabilized asset offers a strong return on investment. The asking price is $4,400,000, translating to a price per square foot of $119.51. Features include 120 parking spaces, a 1.69-acre lot, and attractive design elements such as large windows, balconies, and direct elevator access. The building benefits from central heating and air conditioning, 24-hour access, and a diverse tenant mix. The property's PUD zoning and approximately 12,588 square foot average floor plates contribute to its value and potential. This is a well-maintained Class B office building offering a stable income stream and significant upside potential. The property's strong occupancy rate and below-market price per square foot make it an attractive investment for discerning buyers. The building's unique architectural features and convenient location further enhance its appeal. Detailed financial information is available upon request.