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$ 5,950,000
Est. payment | /mo
27,762 SqFt
$ 5,950,000
Est. payment | /mo
27,762 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 27,762 sqft
Price per Sqft $214
MLS Listing ID 6115246
HOA Y/N No
Year Built 2016
Annual Tax Amount $143,284
Tax Year 2025
Lot Size 0.963 Acres
Acres 0.96
Property Sub-Type Office
Source recolorado
Property Description
5925 E. Evans Avenue presents a rare opportunity to acquire a 27,762 SF mixed-use industrial, office, and retail asset in one of Denver's most supply-constrained infill submarkets. Built in 2016 and situated on 41,954 SF of I-MX-3 zoned land along the highly visible Evans Avenue corridor, the property features five drive-in doors, 18' clear heights, 3-phase power, and a flexible small-bay layout that appeals to a wide range of users and tenants. Currently 94.6% occupied with a diverse rent roll across industrial, office, and retail tenants, the asset generates $424,390 in current NOI (7.13% cap rate) with a clear path to $555,690 in market NOI (9.34% cap rate) through lease-up of vacancy and rent normalization. Offered at $5,950,000 ($214/SF), the property is priced below replacement cost and below blended comparable values, creating both strong in-place cash flow and meaningful upside through continued stabilization and long-term appreciation in a high-demand central Denver location.
Location
State CO
County Denver
Zoning I-MX-3
Interior
Fireplace N
Exterior
Garage No
Building
Sewer Public Sewer
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Brockman Group LLC
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