Courtesy of Kaufman Hagan, Colby Constantine, Listing Contact: [email protected],720-822-0029 

3254-3258 Larimer Street

Denver, CO, 80205

$6,795,000

$488 per ft²
$6,795,000
$488 per ft²
Active
Active
 - For Sale
carpenters-square
13,907 ft²
property_type
Commercial
calendar
Built 2018
This beautiful 4-unit commercial space is nestled in the heart of RiNO, Denver’s fastest growing district. All 4 Oxpecker tenants, The Greenwich, RiNo Dental, M Moser Architecture and Chrysalis Continuing Care have NNN leases signed through 2026 and beyond. The current NOI is ~$417k with 3% rent escalations each year. The 3-story building at 3258 Larimer St was built in 2018 and the existing single-story building at 3254 has been completely remodeled. With looming uncertainty in the debt markets, the Oxpecker is an attractive investment with an assumable non-recourse CMBS loan at a 5.34% interest rate that has close to 5 years remaining on the term and a principal balance of just under $4.1 million. 3254-3258 Larimer is a great opportunity to own a 100% NNN leased investment while growth and new development continues in RiNo for years to come. INVESTMENT SUMMARY Price: $6,795,000 Total Units: 4 Price/SF: $489 Avg Rent/SF: $29.95 NNN Current NOI: $416,477 Current Cap Rate: 6.13%
MLS® ID:
6456568
Listed:
5/14/23
Updated:
11/29/23
Coldwell Banker Realty
Amanda Snitker
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Exterior/Building Features

Lot Size
9,357 ft² lot
Sewer
Public Sewer

Other Property Details

Taxes
$123316
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Denver
Pool
No
Zoning
I-MX-3, UO-2, DO-7
Buyer Agency Compensation
1.75

Property History

Date
Event
Price
Value
5/15/23
Active
-
-
9/6/23
Price Change
$6,795,000
-2%
9/26/23
Pending
-
-
11/20/23
Active
-
-
 

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Data last updated 6:48 PM UTC, 11/29/23

 

Coldwell Banker Realty
Amanda Snitker
By providing your contact information, you acknowledge and agree to ourPrivacy Policyand consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.
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