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212-246 N Santa Fe Drive 242 Santa Fe Dr 28,000 SF 100% Leased Office Building Denver, CO 80223 $10,050,624 CAD ($358.95 CAD/SF) 6.06% Cap Rate
EXECUTIVE SUMMARY
Introducing an incredible urban investment or redevelopment opportunity in Denver's lively Baker neighborhood! Presenting City Block on Santa Fe, located at 212-242 Santa Fe Drive. This property boasts a 28,000 SF building with multi-tenant occupancy, offering an attractive Cap Rate of 6.06% and a NOI of $436,000. Priced at $7.2 million, this site with a lot size of 40,429 SF holds immense redevelopment potential. Situated just blocks away from Denver's renowned Santa Fe Art District and Downtown, this property is a gem for investors seeking to capitalize on the area's vibrant culture and convenient amenities. The Baker neighborhood is a hub of eclectic businesses, charming historic homes, and diverse dining options along Broadway's Main Street. With a high walkability score and easy access to public transportation, City Block on Santa Fe offers the perfect blend of functionality and location. Don't miss out on this prime real estate opportunity!
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Redevelopment Project
Property Type
Building Size
28,000 SF
Building Class
C
Year Built/Renovated
1941/2017
Price
$10,050,624 CAD
Price Per SF
$358.95 CAD
Cap Rate
6.06%
NOI
$609,068 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
28,000 SF
Building FAR
0.69
Lot Size
0.93 AC
Zoning
I-MX-5, UO-2
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Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 5091-22-028 | Improvements Assessment | $393 CAD |
| Land Assessment | $1,450,982 CAD | Total Assessment | $1,451,375 CAD |
PROPERTY TAXES
Parcel Number
5091-22-028
Land Assessment
$1,450,982 CAD
Improvements Assessment
$393 CAD
Total Assessment
$1,451,375 CAD
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212-246 N Santa Fe Drive | 242 Santa Fe Dr
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