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1045 West 8th Avenue
Denver, CO 80204
Asking Price
$3.60M
Asset Type
Warehouse Industrial
Class
Class B
What's Special
<p>First time this property has been on the market in 18 years. Directly on 8th Ave. 1/2 block west of Kalamath. Property is an 1/4 mile from the I-25/ 8th Ave. intersection and less than 1/2 mile from the Burnham Yards redevelopment project and the new Broncos stadium. Sale also comes with an additional city lot +/- 6250 sf at 1105 W. 8th. Building itself has been a two tenant property for years. Liberal C MS-5 zoning</p>
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NOI
$80,000
Cap Rate
2.22%
DSCR
0.37
Underwater
Cash-on-Cash
-12.38%
Monthly Payment
$17,810.836
Annual Cash Flow
$-133,730.029
