Home Details for 5925 E Evans Avenue

Price

$5,950,000

Type

Commercial Sale

Year built

2016

Lot size acres

0.96

County

Denver

Days on site

MLS Listing#

6115246

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 Denverâ€™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, 18â€™ 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.

Property Features

Listing Courtesy: Brockman Group LLC - 303-900-9111

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Neighborhood Market Statistics

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Median Listing Price

Median Days on Site

Median Square Feet

Market statistics compiled from data from Metrolist Inc MLS - Professional (Denver).

EXIT REALTY DTC, CHERRY CREEK, PIKES PEAK

383 Inverness Parkway Suite 140, Englewood, CO 80112

Sheryll White Broker. 303 790 7200

Office

303 790 7200

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