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5347-5353 Sherman St

17,980 SF Industrial Building Denver, CO 80216 £4,061,749 (£226/SF) 5% Net Initial Yield

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Investment Highlights

Leased long term to Lion Electric Company; publicly traded (NYSE: LEV)
Total of six 12'x14' drive in doors (expandable)

Annual rent increases
Recent capital improvements!

Executive Summary

Leased long term to Lion Electric Company; publicly traded (NYSE: LEV). Current 5% cap rate with annual increases. 17,980 SF warehouse with fenced yard - large 1.75 acre site. Total of six 12'x14' drive in doors (expandable). 5-ton bridge crane. Located in Unincorporated Adams County, city of Denver. Part of the Adams County Enterprise Zone. 1,400 SF total office area. 17'-20' clear warehouse area. Great central location with access via I-70 & Washington Street or I-25 & 58thAve. Recent capital improvements include high bay LED lighting, exterior LED lighting, new exterior paint, office renovations, new restrooms, office HVAC, warehouse heaters and more!

Sale_Brochure_2023

Property Facts

Price	£4,061,749	Rentable Building Area	17,980 SF
Price Per SF	£226	Number of Floors	1
Sale Type	Investment NNN	Year Built/Renovated	1986/2021
Net Initial Yield	5%	Tenancy	Single
Property Type	Industrial	Parking Ratio	1.39/1,000 SF
Property Subtype	Warehouse	Clear Ceiling Height	20 ft
Building Class	B	Level Access Doors	6
Lot Size	1.75 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£4,061,749
Price Per SF	£226
Sale Type	Investment NNN
Net Initial Yield	5%
Property Type	Industrial
Property Subtype	Warehouse
Building Class	B
Lot Size	1.75 AC
Rentable Building Area	17,980 SF
Number of Floors	1
Year Built/Renovated	1986/2021
Tenancy	Single
Parking Ratio	1.39/1,000 SF
Clear Ceiling Height	20 ft
Level Access Doors	6
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.