Foothills Dental Building | 7515 W Yale Ave
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Foothills Dental Building 7515 W Yale Ave
7,376 SF Office Building Denver, CO 80227 £1,721,390 (£233/SF) 10.42% Net Initial Yield
Investment Highlights
- Full Medical/Dental Build Out. Property can be converted for a variety of different uses
- Property will be sold dark, making it a great opportunity for a value-add investor or an owner-user
- The current lease runs through March of 2029, but tenant is actively pursuing a sub-lease. Tenant will pay rent through end of lease term.
- Property is located on W. Yale Ave and S. Wadsworth Blvd.
Executive Summary
The Kramer Group of Marcus & Millichap is pleased to present this Exclusive Listing for a single tenant Medical Office property located at 7515 W Yale Ave. in Denver, CO., which consists of 7,376 square feet, situated on .60 acres of land. This Class B two story property was built in 1989 with full medical build-out, and BA-1 zoning. The current tenant Perfect Teeth is a group of 61 dental offices dedicated to providing the highest level of patient care and service to every patient. Perfect Teeth opened their doors in 1995, with locations in Colorado, New Mexico, and Arizona. The current lease runs through March of 2029, but tenant is actively pursuing a sub-lease. The property will be sold dark, making it a great opportunity for a value-add investor or an owneruser.They are willing to sign an estoppel and have reaffirmed they will continue to pay rent through the end of their lease term. The property is located on W. Yale Ave and S. Wadsworth Blvd.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
7,376 SF
Building Class
B
Year Built
1989
Price
£1,721,390
Price Per SF
£233
Net Initial Yield
10.42%
NOI
£179,369
Tenancy
Single
Number of Floors
2
Typical Floor Size
3,688 SF
Building FAR
0.28
Lot Size
0.60 AC
Zoning
BA-1, Denver
Parking
8.05 Spaces per 1,000 SF Leased
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Bike Score ®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 4264-00-014 | Improvements Assessment | £142,641 |
| Land Assessment | £79,200 | Total Assessment | £221,840 |
PROPERTY TAXES
Parcel Number
4264-00-014
Land Assessment
£79,200
Improvements Assessment
£142,641
Total Assessment
£221,840
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Foothills Dental Building | 7515 W Yale Ave
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