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1805 Kipling Street
1805 Kipling Street
1805 Kipling Street
1805 Kipling Street
1805 Kipling Street
1805 Kipling Street
1805 Kipling Street
1805 Kipling Street
1805 Kipling Street
1805 Kipling Street
1805 Kipling Street
1805 Kipling Street
1805 Kipling Street
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$2,200,000

1805 Kipling Street

10,800 Sq.Ft.

Description

New tenant or owner can occupy 253-7051sf. 65% occupied -- option to downsize to 40% occupied to allow for SBA financing.

New breezeway, roof, and sky lights -2017/2018
New water heater -2023
ADA accessible (first floor)
Employee shower
Large basement for file storage (not included in RBA)
Masonry construction

Since purchasing in 2009, this property has been owned and occupied by multiple successful medical practitioners. The lease terms presented here detail their commitment to maintain tenancy after closing, with 3% annual escalations, and are flexible to fit the needs of the future owner. The building has medical infrastructure for reception, plumbing, and file storage, and also welcomes general office users.

All common areas are currently generating income, and offer potential for additional tenancy. The proforma included herein reflects income from 65% occupancy of the property. A new user is able to secure additional occupancy and SBA eligibility by absorbing common conference and work space.

Located between Downtown Denver and the western foothills, this sale offers a unique opportunity for a medical office user and/or value-add investor to acquire income property in the high-demand Crown Hill submarket.

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Location

1805 Kipling Street, Lakewood, CO 80215

Status

For Sale
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Schedule a Showing

I would love to show you this beautiful property. Please select your preferred date and time below. I'm will be in touch shortly to confirm your appointment.
Thank you for your interest in 1805 Kipling Street, Lakewood, CO 80215. We are reviewing your request and will be in touch shortly!

Property Amenities

Area & Lot
Lot Area 0.91 Acres
Living area 10,800 Sq.Ft.
MLS® ID 8423070
Year Built 1976
Type Commercial
Status For Sale
Exterior
Water Source Public
Security Features Security System, Smoke Detector(s)
Sewer Public Sewer
Parking Asphalt
Lot Features Cul-De-Sac
Utilities Electricity Connected, Internet Access (Wired), Phone Connected
Finance
Sales Price $2,200,000
Real Estate Tax $28,435 yearly

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Work With Natacha

Natacha became a real estate professional after practicing law for 19 years due to a love of all things real estate. That experience gives her the ability to carefully evaluate all of the details of a real estate transaction.