39.906624 -105.08156
11575 Wadsworth Boulevard Broomfield CO 80020 246038067 39.906624 -105.08156 60105 /listing/246038067-151082055/11575-wadsworth-boulevard-broomfield-co-80020 False 0 2225000.0 20995 101 100 1756941 False 1990 4.57 4.57

11575 Wadsworth Boulevard

Broomfield, CO 80020 MLS# 1756941

Active 07/24/19

246038067 False False 39.906624 -105.08156 60105 /listing/246038067-151082055/11575-wadsworth-boulevard-broomfield-co-80020 False 0 2225000.0 20995 101 1756941 False 47191982 0
$2,225,000
MLS# 1756941
Active 07/24/19
  1. Listed on 07/24/19
  • 20,995 Square Feet Sq.Ft
  • 4.57 Acres
  • 1990 Year Built Yr. Built
11575 Wadsworth Boulevard Broomfield, CO 80020 MLS# 1756941
Active 07/24/19
246038067 39.906624 -105.08156 60105 /listing/246038067-151082055/11575-wadsworth-boulevard-broomfield-co-80020 False 0 2225000.0 20995 101 1756941 False
$2,225,000
  • 20,995 Square Feet
  • 4.57 Acres
  • 1990 Year Built
  1. Listed on 07/24/19
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Description

Enjoy income now and/or develop soon this 1-4 Tenant Office Building on 4.57+/- acres in TRANSIT ORIENTED DEVELOPMENT ZONE under Broomfield County Urban Renewal and Sub Area Plan. Could go 4-5 stories with re-zone according to County Planner. Exceptionally well maintained 21,000+/- Sq Ft of Lease-able Office Building and Warehouse Space. Office Building with kitchen, 2 garage/storage/warehouse space. 2 additional Warehouses with heat, water and electric in gated Ware-yard. NEW Roof and Skylights 2018, Water purification system, Upgrades to front porch area, back patio and sidewalk with ADA ramp installed, etc. Tenants are in place, providing income while you plan your next move. County would like Transit Oriented Development to support surrounding high-density development; retail strip center, gas-station, convenience store, mixed-use res/retail or multi-fam, etc. Walk across bridge to 1st BANK EVENT CTR and transit. DO NOT disturb tenants.

Courtesy Of United Real Estate Prestige Denver
Listing Information
  • Property Type: Commercial Sale
  • Property Subtype: Industrial
  • Levels: Multi/Split
  • Subdivision: Unincorporated Broomfield County
  • SqFt Finished: 8340.00
  • SqFt Above: 17065.00
  • SqFt Basement Finished: 0.00
  • PSF Total: 105.98
  • PSF Finished: 266.79
  • PSF Above Grade: 130.38
  • Price Per Acre: 486870.90
  • Year Built: 1990
  • Lot Size Dimensions: 473.30 x 350.00
  • Construction Materials: Brick, Frame, Stucco
  • Foundation Details: Concrete Perimeter
  • Special Listing Conditions: None Known
  • Ownership: Corporation/Trust
  • Possession: Closing/DOD
  • Lease Description: Tenant #1 Lease Expires 3/1/20Tenant #2 is renewable every 3 months
  • Building Features: Drive Indoors
  • Business Amenities: Commercial Improvements, Professionally Managed
  • Business Type: Building Trade, Industrial, Mixed, Professional Service, Professional/Office
  • Office Area: 8340.00
  • Warehouse Area: 8725.00
  • Stories: 3
Interior Features
  • Flooring: Carpet, Linoleum
  • Interior Features: Heated Basement
  • Appliances: Gas Water Heater
  • Exclusions: Tenants personal property
  • Occupant Type: Tenant
  • Security Features: Fire Alarm
Room Details
  • Basement: Partial
  • Basement YN: Y
Parking/Garage
  • Off-Street
  • Parking Description: large ware-yard with truck parking
  • Parking Spaces Number Of: 25
  • Parking Type: Off-Street
  • Parking Lot
  • Parking Description: 32+ paved spaces
  • Parking Spaces Number Of: 32
  • Parking Type: Parking Lot
  • Parking: Concrete, Driveway-Dirt, Driveway-Gravel, Off Street, Parking Lot
  • Parking Total: 57
  • Total Offstreet Spaces: 57
Community/Neighborhood Information
  • Walk Score: 16
  • Year Established: 1990
HOA
  • 2nd HOA Fee (Annual Total): 0.00
  • 3rd HOA Fee (Annual Total): 0.00
  • Master HOA Fee (Annual Total): 0.00
  • Total Annual HOA Fees: 0.00
Financial Considerations
  • Actual Annual Net Income: 65999.00
  • Annual Expenses Benefits: 5358.00
  • Cap Rate: 3.00
  • Cap Rate Calculation: 5 Projected
  • Gross Income: 153600.00
  • Income Includes: Rent Only
  • Insurance Expense: 8781.00
  • Legal Description: S: 2 T: 2 R: 69W EXEMPTION SURVEY REC 12/6/90 AT 90103405 DESCIBED AS: BEG AT CENTER OF SEC 2 TH S00*14'11'W AL E LN OF SW4 OF SEC 2 48.18 FT; TH N89*45'49W 50.00 FT TO TRUE POB; TH S00*14'11"W 350.00 FT; TH N89*55'51"W PARALLEL TO N LN OF SW4 OF SEC 2 380.00 FT; TH S00*14'11"W 200.00 FT; TH N89*55'51"W PARALLEL TO N LN OF SW4 OF SEC 2 108.30 FT; TH N00*14'11"E 565.00 FT TO PT WHICH LIES 33.00 FT S OF N LN OF SW4 OF SEC 2; TH S89*55'51"E PARALLEL TO N LN 473.30 FT TO CURVE TO RIGHT; TH AL SAID CURVE A DIST OF 23.54 FT
  • Maintenance Expense: 16156.00
  • Operating Expense: 87601.00
  • Operating Expense Includes: Benefits, Insurance, Maintenance, Other, Professional Management, Real Estate Tax
  • Other Expense: 6986.00
  • Potential Rental Income Annual: 201606.00
  • Professional Management Expense: 4245.00
  • Projected Annual Expense: 111928.00
  • Projected Annual Net Income: 89678.00
  • Projected Gross Income: 201606.00
  • Projected Gross Operating Income: 190232.00
  • Real Estate Taxes: 46075.00
  • Tax Amount: 46075.00
  • Tax ID: R2038371
  • Tax Year: 2018
  • Vacancy Credit Losses: 11374
Utilities & Green Home Features
  • Cooling: Central Air
  • Heating: Electric, Forced Air, Natural Gas
  • Utilities: Cable Available, Phone Connected
  • Electric Service: 220 Volts
Exterior & Lot Features
  • Shed(s)
  • Outbuilding Description: Utility Shed
  • Outbuilding Type: Shed(s)
  • Warehouse
  • Outbuilding Type: Warehouse
  • Roof: Composition
  • Exterior Features: Lighting
  • Is Incorporated: N
  • Road Surface: Paved
  • Fencing: Full
  • Lot Features: Corner Lot, Landscaped, Near Public Transit
  • Other Structures: Shed(s)
  • Out Building Number Of: 2
  • Zoning: I-3 (J)
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