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$6,600,000
296 Days Online

3254-3258 Larimer Street
Denver, CO 80205

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
13,907
SqFt
$475
/SqFt
2018
Built
County:
Denver

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3254-3258 Larimer Street3254-3258 Larimer Street3254-3258 Larimer Street3254-3258 Larimer Street
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This beautiful 4-unit commercial space is nestled in the heart of RiNO, Denver’s fastest growing district. All 4 Oxpecker tenants, The Greenwich, RiNo Dental, M Moser Architecture and Chrysalis Continuing Care have NNN leases signed through 2026 and beyond. The current NOI is ~$429k with 3% rent escalations each year. The 3-story building at 3258 Larimer St was built in 2018 and the existing single-story building at 3254 has been completely remodeled. With looming uncertainty in the debt markets, the Oxpecker is an attractive investment with an assumable non-recourse CMBS loan at a 5.34% interest rate that has close to 5 years remaining on the term and a principal balance of just under $4.1 million. 3254-3258 Larimer is a great opportunity to own a 100% NNN leased investment while growth and new development continue in RiNo for years to come. INVESTMENT SUMMARY Price: $6, 600, 000 Total Units: 4 Price/SF: $475 Avg Rent/SF: $30.84 NNN Current NOI: $428, 971 Current Cap Rate: 6.50%

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Listing Snapshot
Price 
$6,600,000
Days Online 
296 Days
Bedrooms 
N/A
Inside Area (SqFt) 
13,907 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.21 Acres
Year Built 
2018
MLS Number 
6456568
Status 
Active
Property Tax 
$123,316
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS
a month agoPrice changed to $6,600,000
3 months agoStatus changed to Active
5 months agoStatus changed to Pending
6 months agoPrice changed to $6,795,000
See 2 more
General Features
Parking Spaces 
0
Sewer 
Public Sewer
Acreage 
0.21
Property Sub Type 
Retail
Garage Spaces 
0
Attached Garage 
No
Zoning 
I-MX-3, UO-2, DO-7
Interior Features
Fireplace 
No
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Exterior Features
Spa 
No
Waterfront Property 
No
Listing courtesy of Kaufman Hagan 720-984-0419



The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO real estate listings held by brokers other than Kaufman Hagan are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

Neighborhood & Commute
Source: Walkscore
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