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12920 Lowell Blvd 11,288 SF 100% Leased Retail Building Broomfield, CO 80020 $6,262,650 CAD ($554.81 CAD/SF) 6.06% Cap Rate
Investment Highlights
- Located at a signalized intersection with full-turn access
Executive Summary
The Westlake Center is a retail property located in Broomfield, Colorado, an affluent northwest suburb of Denver that is projected to continue its rapid growth. The property was constructed in 1984 and extensively renovated in 2018. The property is 100% occupied by tenants on triple net leases and sits at a signalized intersection with outstanding access and visibility. Tenants at the property benefit from the traffic along Lowell Boulevard, a major north/south corridor, as well as the fact that there are high barriers to entry in the market due to the open space on the west side of Lowell Boulevard.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
11,288 SF
Building Class
B
Year Built/Renovated
1987/2018
Price
$6,262,650 CAD
Price Per SF
$554.81 CAD
Cap Rate
6.06%
NOI
$379,441 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.57 AC
Zoning
B-1-PUD
Parking
59 Spaces (5.2 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1573-29-3-25-002 | Improvements Assessment | $452,817 CAD |
| Land Assessment | $292,285 CAD | Total Assessment | $745,102 CAD |
Property Taxes
Parcel Number
1573-29-3-25-002
Land Assessment
$292,285 CAD
Improvements Assessment
$452,817 CAD
Total Assessment
$745,102 CAD
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Photos
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Presented by
Jay Um
12920 Lowell Blvd
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