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6225 E 38th Ave 48,484 SF Industrial Building Denver, CO 80207 $7,917,604 CAD ($163.30 CAD/SF) 6.38% Cap Rate
Investment Highlights
- Mission-Critical Tenant – Leased to Hospital Cooperative Laundry, Colorado's largest healthcare laundry provider serving 36 hospitals and 400+ clini
- Stabilized Investment with Upside – 5+ years remaining with 2 x 5-year renewal options that get reset at fair-market-value.
- Landlord-Favorable NNN Lease – NNN lease structure with additional tenant responsibilities for select capital items.
- Proven Occupancy History – Tenant has operated from the property for 30+ years.
- Below-Market Rents – In-place rents are approximately 10% below market, creating long-term mark-to-market upside.
- Functional Industrial Facility – ±48,484 SF, with minimal office buildout, 20' clear heights, fenced lot, and 6 dock-high doors.
Executive Summary
Brayden Conner
License # ER.100106933, EC.100099522 (CO)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # ER.100106933, EC.100099522 (CO)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $7,917,604 CAD | Lot Size | 2.23 AC |
| Price Per SF | $163.30 CAD | Rentable Building Area | 48,484 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.38% | Year Built | 1972 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 20’ |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | I-MX-3 | ||
| Price | $7,917,604 CAD |
| Price Per SF | $163.30 CAD |
| Sale Type | Investment |
| Cap Rate | 6.38% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.23 AC |
| Rentable Building Area | 48,484 SF |
| No. Stories | 1 |
| Year Built | 1972 |
| Tenancy | Single |
| Clear Ceiling Height | 20’ |
| Opportunity Zone |
Yes |
| Zoning | I-MX-3 |
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Hospital Cooperative Laundry
- Services
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Hospital Cooperative Laundry | Services | 99,999 SF | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 1203-00-137 | Improvements Assessment | $915,532 CAD |
| Land Assessment | $915,532 CAD | Total Assessment | $2,197,163 CAD |
Property Taxes
Parcel Number
1203-00-137
Land Assessment
$915,532 CAD
Improvements Assessment
$915,532 CAD
Total Assessment
$2,197,163 CAD
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6225 E 38th Ave
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