Just Sold – 19-Unit Office Building in Lakewood

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Denver, CO, September 10th, 2020 – AQYRE Real Estate Advisors is pleased to announce the sale of a 19-unit office building, located at 1901 Kipling Street in Lakewood, Colorado for $1,225,000.

"This was a unique value-add opportunity in that there were multiple options to build on the existing property. The buyer was able to drastically increase his cash flow from his previous apartment building." - Dan Hawthorne

AQYRE Principals Kevin Calame and Matt Lewallen represented the seller while AQYRE Advisors Dan Hawthorne & Jack Sherman represented the buyer.

For more information on this investment or current market conditions, contact Dan Hawthorne at 720-738-1941 or Dan@AQYRE.com.

SALE HIGHLIGHTS

  • Address: 1901 Kipling Street, Lakewood, CO 80215
  • Price: $1,225,000
  • Building Size: 7,854 SF         
  • Price/SF: $194
  • Current Cap: 6.0%
  • ProForma Cap: 8.4%

    • Opportunity to add additional office space
    • Newly renovated exterior and interior
    • High visibility on Kipling
    • Year Built: 1971
    • Ample parking  

Listing Brokers

Kevin Calame
Principal
Email:kevin@aqyre.com
Direct:720.738.1939

Matt Lewallen
Principal
Email:matt@aqyre.com
Direct:720.738.1940

 

Selling Brokers

Jack Sherman
Advisor
Email:jack@aqyre.com
Direct:720.738.1942

Dan Hawthorne
Advisor
Email:dan@aqyre.com
Direct:720.738.1941

 

Location

Photos