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Youngfield Park 3000 Youngfield St

52,224 SF 62% Leased Office Building Wheat Ridge, CO 80215 £6,259,600 (£120/SF) 8.51% Net Initial Yield

Investment Highlights

  • Direct I-70 Access
  • Value Add Through Leasing
  • Dense Nearby Retail
  • Mountain Views
  • Adjacent to Clear Creek Crossing Development

Executive Summary

Office investment for sale with 63% current occupancy. Easy I-70 access allowing short commutes to popular neighborhoods, downtown Denver, suburbs, and mountain recreation. See offering memorandum for complete details including actual and proforma financials and tenant mix.

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income £865,790 £16.58
Taxes - -
Operating Expenses - -
Total Expenses £333,253 £6.38
Net Operating Income £532,537 £10.20

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £865,790
Annual Per SF £16.58
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual £333,253
Annual Per SF £6.38
Net Operating Income
Annual £532,537
Annual Per SF £10.20

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
52,224 SF
Building Class
B
Year Built
1980
Price
£6,259,600
Price Per SF
£120
Net Initial Yield
8.51%
NOI
£532,537
Percent Leased
62%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
17,505 SF
Slab to Slab
12 ft
Building FAR
0.34
Lot Size
3.51 AC
Parking
166 Spaces (3.16 Spaces per 1,000 SF Leased)

Amenities

  • Conferencing Facility
  • Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
39-293-00-014
Land Assessment
£417,339 (2023)
Improvements Assessment
£379,927 (2023)
Total Assessment
£797,266 (2023)
  • Listing ID: 30949025

  • Date on Market: 13/02/2024

  • Last Updated:

  • Address: 3000 Youngfield St, Wheat Ridge, CO 80215

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