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Just Sold:: 8.55% Cap, Single-Tenant Office Investment

Posted by Unique News Team on April 15, 2019
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Brian McKernan of Unique Properties Represented the Seller

11049-W-44th

Denver, CO (April 2, 2019) – Unique Properties is proud to announce the sale of a 16,262 SF office building at 11049 W 44th Avenue in Wheat Ridge, Colorado. This single tenant office investment sale closed at an 8.55% cap rate and provided the buyer a financially strong, stable 38 year old engineering firm tenant. The tenant had occupied the building since 2012 and signed a 5 year lease prior to close. The building was updated and well maintained by the Seller and is well located just off of I-70 & Kipling. Brian McKernan of Unique Properties represented the seller in the transaction.

11049-W-44th-map

Investment Highlights

highlights

Closed: 4.2.2019
$1,700,000
16,256 SF
$104.58 / SF
1031 Exchange
Quick-Contract

For more information, please contact:

Brian McKernan (720) 881.6337 | bmckernan@uniqueprop.com