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8774 Yates Drive 8774 Yates Dr 36,817 SF 100% Leased Office Building Westminster, CO 80031 $5,862,864 CAD ($159.24 CAD/SF) 7.25% Cap Rate

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EXECUTIVE SUMMARY

8774 Yates Drive located inWestminster, Colorado is an approximately 36,817 square foot professional office building. This building was constructed in 1985 and renovated in 2012. This property consists of three stories with an average floor plate of approximately 12,588 ft. The property is 96.92% leased by 15tenants. The average in place rents are$19.00 full service gross. The property has maintained a level of occupancy for the past few years and some tenants have commented that they choose this building because of the vaulted ceilings.The subject property consists of brick construction but features unique design qualities such as large windows with natural light, balconies, direct elevator exposure, central heating / air conditioning and 24 hour building access. Seller is currently spending nearly $50,000 to upgrade the existing balconies. The building is situated on a parcel of approximately 73,616 square feet. In the subject property an astute investor will find a quality stabilized asset priced well below replacement value with a steady steam of income from its diverse tenant mix.

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
36,817 SF
Building Class
B
Year Built
1985
Price
$5,862,864 CAD
Price Per SF
$159.24 CAD
Cap Rate
7.25%
NOI
$425,204 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
12,588 SF
Building FAR
0.50
Lot Size
1.69 AC
Zoning
PUD, Westminster - Planned Unit Development
Parking
120 Spaces (3.26 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Atrium
  • Signage
  • Central Heating
  • Direct Elevator Exposure
  • Natural Light
  • Drop Ceiling
  • Air Conditioning
  • Balcony

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Finance and Insurance
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

At the North Metro Insurance Inc., they offer the best value for their client's insurance needs. They can take care of all their client's insurance needs such as Auto, Home, Life , Business and Workers Compensation Insurance. They still offer good old fashioned service in their agency.

  • Information
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

RKS Design & Engineering provides field and engineering services to the telecommunication industry. Their clients are some of the biggest & best in the industry and they pride themselves on performing quick turnarounds without compromising quality. Simply put, they know how to get the job done in an efficient manner.

  • Professional, Scientific, and Technical Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Award winning architectural designs for exceptional custom and production homes in Metro-Denver's best and fastest growing communities. Villa Bella Drafting & Design delivers outstanding architectural design backed by drafting & construction expertise to confidently transform creative vision into well designed reality.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Finance and Insurance - $9.99 Lorem Ipsum Jan 0000
Information - $9.99 Lorem Ipsum Jan 0000
Professional, Scientific, and Technical Services - $9.99 Lorem Ipsum Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 150
  • 2,004 SF
  • Office
  • Full Build-Out
  • Feb 2026

Suite 150 is a corner, first-floor suite that can be accessed through the main building entrance, the back building entrance, and its own private entrance with a sidewalk to/from the parking lot. The suite consists of 3 private offices and a break room area, as well as open space. The suite is in great condition, and it is in a quiet building with good neighboring tenants.

Space Size Space Use Condition Available
1st Fl-Ste 150 2,004 SF Office Full Build-Out Feb 2026

1st Fl-Ste 150

Size
2,004 SF
Space Use
Office
Condition
Full Build-Out
Available
Feb 2026

1st Fl-Ste 150

Size 2,004 SF
Space Use Office
Condition Full Build-Out
Available Feb 2026

Suite 150 is a corner, first-floor suite that can be accessed through the main building entrance, the back building entrance, and its own private entrance with a sidewalk to/from the parking lot. The suite consists of 3 private offices and a break room area, as well as open space. The suite is in great condition, and it is in a quiet building with good neighboring tenants.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1719-30-2-18-021
Land Assessment
$222,730 CAD (2024)
Improvements Assessment
$1,360,478 CAD (2024)
Total Assessment
$1,583,208 CAD (2024)
  • Listing ID: 37193316

  • Date on Market: 2025-08-08

  • Last Updated:

  • Address: 8774 Yates Dr, Westminster, CO 80031

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