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listing
1 of 40
Single FamilyFor Sale
$6,600,000
3254-3258 Larimer Street
Denver, CO 80205
Listed by: Kaufman Hagan, 720-822-0029
MLS: REcolorado
13,907Sq Ft
Est. Mortgage
$34,168/mo

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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Information courtesy of Kaufman Hagan is subject to verification and is not guaranteed.
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