8700 W Colfax Ave Brochure
FOR SALE ‐ Retail Investment 8700 West Colfax Avenue, Lakewood, CO 80215
10% CAP RATE!
MOTIVATED SELLER!
PROPERTY OVERVIEW:
PROPERTY FEATURES:
City:
Lakewood
•
10% Cap Rate on real numbers!
County:
Jefferson
Zoning:
CMU (Lakewood)
•
Huge lot size!
Bldg 1 SF:
2,430 SF
YOC:
1940
•
Multiple small tenants with long term
Bldg 2 SF:
2,040 SF
YOC:
1961
Bldg 3 SF:
3,586 SF
YOC:
1940`
Total Bldg SF:
8,056 SF
Site SF:
tenancy. •
Below market rents.
39,511 SF
•
Historically high occupancy.
Units:
10
•
Huge monument sign.
Parking:
50 spaces
Power:
600A/1P/115‐220V*
Signage:
Monument
Const. type:
Masonry
Taxes:
$11,893.54 ($1.48/SF)
EXCLUSIVELY LISTED BY:
M ar k G oo dm a n /P au l Sc hneider
*to be verified
SALE INFORMATION: • •
$680,000 ($84.41/SF) 10% Cap Rate!
1 Broadway, Suite 300A Denver, CO 80203 Phone: (303) 962‐9545 Fax: (303) 962‐9984 [email protected] [email protected]
Please note, all information furnished in this presentation regarding this property for sale has been secured from sources we believe to be reliable. However, we accept no responsibility for its correctness and encourage the verification of all numbers prior to making any financial decisions. We owe duties to the seller, which include utmost good faith. We negotiate on behalf of and act as advocate for the seller. Please do not tell us any information that you do not want shared with the seller. You are not legally responsible for our actions. Although we do not represent you, we will disclose to you all adverse material facts about the property actually known to us. We will assist you without regard to race, creed, sex, religion, national origin, familial status or handicap.
FOR SALE ‐ 8700 W. Colfax Avenue, Lakewood, CO 80215 RENT ROLL: UNIT
Tentant
Rent/Month
Rent/Year
Proforma Rent/Month Proforma Rent/Year
1
HOV Spa
$1,254
$15,048
$1,300
$15,600
2
Gold Smith
$584
$7,008
$650
$7,800
3
Blue Feather
$1,154
$13,848
$1,200
$14,400
4
Crowe
$1,000
$12,000
$1,050
$12,600
5
A+ Handyman
$784
$9,408
$850
$10,200
6
Coupe Auto
$640
$7,680
$700
$8,000
7
Western Dental
$450
$5,400
$500
$6,000
8
Deluxe Carpet
$400
$4,800
$450
$5,400
9
Jurez Suply
$350
$4,200
$400
$4,800
10
Empty
$800
$9,600
$850
$10,200
Total
$7,416
$88,992
$7,950
95,400
PROPOSED FINANCING
OPERATING DATA:
Loan Amount:
$510,000
INCOME
Current
$/SF Proforma
$/SF
Down Payment: (25%)
$170,000
Gross Annual Rent:
$88,992
11.05 $100,992
12.54
Interest Rate:
6.00%
Other Income:
25 years
Gross Scheduled Income:
$88,992
11.05 $100,992
12.54
$3,285.94
ESTIMATED EXPENSES
Current
Proforma
Amortization:
Monthly Payment:
PROPERTY DESCRIPTION
Insurance:
$2,196
$0.27 $2,400
$0.30
Units:
10
Property Taxes:
$11,894
$1.48 $11,894
$1.48
Year Built:
1940
Water:
$2,400
$0.30 $25,00
$0.31
Bldg Type:
Masonry
Gas & Electric:
$3,600
$0.45 $3,800
$0.47
Building Size: 8,056 SF
Total Expenses:
($20,090)
(2.49) ($20,594)
($2.56)
Lot Size:
39,511 SF
Expenses per Unit:
($2,009)
$0.25) ($2,059)
$0.26)
Zoning:
CMU
Net Operating Income:
$68,902
$8.55 $74,806
$9.29
FINANCIAL ANALYSIS: Current
Proforma
NOI:
$68,902
$74,806
Projected Debt Service:
($39,431)
($39,431)
Before Tax Cash Flow:
$29,471
$35,375
CAP Rate:
10.13%
11.00%
Cash‐on‐Cash Return:
17.36%
20.81%
$9,078
$9,078
22.68%
26.15%
Principal Reduction (yr. 1): Total Return:
Please note, all information furnished in this presentation regarding this property for sale has been secured from sources we believe to be reliable. However, we accept no responsibility for its correctness and encourage the verification of all numbers prior to making any financial decisions. We owe duties to the seller, which include utmost good faith. We negotiate on behalf of and act as advocate for the seller. Please do not tell us any information that you do not want shared with the seller. You are not legally responsible for our actions. Although we do not represent you, we will disclose to you all adverse material facts about the property actually known to us. We will assist you without regard to race, creed, sex, religion, national origin, familial status or handicap.
FOR SALE ‐ 8700 W. Colfax Avenue, Lakewood, CO 80215 Site Plan
Aerial View
Please note, all information furnished in this presentation regarding this property for sale has been secured from sources we believe to be reliable. However, we accept no responsibility for its correctness and encourage the verification of all numbers prior to making any financial decisions. We owe duties to the seller, which include utmost good faith. We negotiate on behalf of and act as advocate for the seller. Please do not tell us any information that you do not want shared with the seller. You are not legally responsible for our actions. Although we do not represent you, we will disclose to you all adverse material facts about the property actually known to us. We will assist you without regard to race, creed, sex, religion, national origin, familial status or handicap.
10% CAP RATE!
MOTIVATED SELLER!
PROPERTY OVERVIEW:
PROPERTY FEATURES:
City:
Lakewood
•
10% Cap Rate on real numbers!
County:
Jefferson
Zoning:
CMU (Lakewood)
•
Huge lot size!
Bldg 1 SF:
2,430 SF
YOC:
1940
•
Multiple small tenants with long term
Bldg 2 SF:
2,040 SF
YOC:
1961
Bldg 3 SF:
3,586 SF
YOC:
1940`
Total Bldg SF:
8,056 SF
Site SF:
tenancy. •
Below market rents.
39,511 SF
•
Historically high occupancy.
Units:
10
•
Huge monument sign.
Parking:
50 spaces
Power:
600A/1P/115‐220V*
Signage:
Monument
Const. type:
Masonry
Taxes:
$11,893.54 ($1.48/SF)
EXCLUSIVELY LISTED BY:
M ar k G oo dm a n /P au l Sc hneider
*to be verified
SALE INFORMATION: • •
$680,000 ($84.41/SF) 10% Cap Rate!
1 Broadway, Suite 300A Denver, CO 80203 Phone: (303) 962‐9545 Fax: (303) 962‐9984 [email protected] [email protected]
Please note, all information furnished in this presentation regarding this property for sale has been secured from sources we believe to be reliable. However, we accept no responsibility for its correctness and encourage the verification of all numbers prior to making any financial decisions. We owe duties to the seller, which include utmost good faith. We negotiate on behalf of and act as advocate for the seller. Please do not tell us any information that you do not want shared with the seller. You are not legally responsible for our actions. Although we do not represent you, we will disclose to you all adverse material facts about the property actually known to us. We will assist you without regard to race, creed, sex, religion, national origin, familial status or handicap.
FOR SALE ‐ 8700 W. Colfax Avenue, Lakewood, CO 80215 RENT ROLL: UNIT
Tentant
Rent/Month
Rent/Year
Proforma Rent/Month Proforma Rent/Year
1
HOV Spa
$1,254
$15,048
$1,300
$15,600
2
Gold Smith
$584
$7,008
$650
$7,800
3
Blue Feather
$1,154
$13,848
$1,200
$14,400
4
Crowe
$1,000
$12,000
$1,050
$12,600
5
A+ Handyman
$784
$9,408
$850
$10,200
6
Coupe Auto
$640
$7,680
$700
$8,000
7
Western Dental
$450
$5,400
$500
$6,000
8
Deluxe Carpet
$400
$4,800
$450
$5,400
9
Jurez Suply
$350
$4,200
$400
$4,800
10
Empty
$800
$9,600
$850
$10,200
Total
$7,416
$88,992
$7,950
95,400
PROPOSED FINANCING
OPERATING DATA:
Loan Amount:
$510,000
INCOME
Current
$/SF Proforma
$/SF
Down Payment: (25%)
$170,000
Gross Annual Rent:
$88,992
11.05 $100,992
12.54
Interest Rate:
6.00%
Other Income:
25 years
Gross Scheduled Income:
$88,992
11.05 $100,992
12.54
$3,285.94
ESTIMATED EXPENSES
Current
Proforma
Amortization:
Monthly Payment:
PROPERTY DESCRIPTION
Insurance:
$2,196
$0.27 $2,400
$0.30
Units:
10
Property Taxes:
$11,894
$1.48 $11,894
$1.48
Year Built:
1940
Water:
$2,400
$0.30 $25,00
$0.31
Bldg Type:
Masonry
Gas & Electric:
$3,600
$0.45 $3,800
$0.47
Building Size: 8,056 SF
Total Expenses:
($20,090)
(2.49) ($20,594)
($2.56)
Lot Size:
39,511 SF
Expenses per Unit:
($2,009)
$0.25) ($2,059)
$0.26)
Zoning:
CMU
Net Operating Income:
$68,902
$8.55 $74,806
$9.29
FINANCIAL ANALYSIS: Current
Proforma
NOI:
$68,902
$74,806
Projected Debt Service:
($39,431)
($39,431)
Before Tax Cash Flow:
$29,471
$35,375
CAP Rate:
10.13%
11.00%
Cash‐on‐Cash Return:
17.36%
20.81%
$9,078
$9,078
22.68%
26.15%
Principal Reduction (yr. 1): Total Return:
Please note, all information furnished in this presentation regarding this property for sale has been secured from sources we believe to be reliable. However, we accept no responsibility for its correctness and encourage the verification of all numbers prior to making any financial decisions. We owe duties to the seller, which include utmost good faith. We negotiate on behalf of and act as advocate for the seller. Please do not tell us any information that you do not want shared with the seller. You are not legally responsible for our actions. Although we do not represent you, we will disclose to you all adverse material facts about the property actually known to us. We will assist you without regard to race, creed, sex, religion, national origin, familial status or handicap.
FOR SALE ‐ 8700 W. Colfax Avenue, Lakewood, CO 80215 Site Plan
Aerial View
Please note, all information furnished in this presentation regarding this property for sale has been secured from sources we believe to be reliable. However, we accept no responsibility for its correctness and encourage the verification of all numbers prior to making any financial decisions. We owe duties to the seller, which include utmost good faith. We negotiate on behalf of and act as advocate for the seller. Please do not tell us any information that you do not want shared with the seller. You are not legally responsible for our actions. Although we do not represent you, we will disclose to you all adverse material facts about the property actually known to us. We will assist you without regard to race, creed, sex, religion, national origin, familial status or handicap.
