5005 W 81st Place Westminster, CO 80031

5005 W 81st Place Westminster, CO 80031

5005 W 81st Place, Westminster, CO, 80031
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$2,900,000
Last Verified:
May 24, 2023

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Highlights

  • Located just south of the newly redeveloped Westminster Mall
  • Renovations complete in 2019
  • Rents currenly below market
  • AT&T has a long-term lease at the property until 2039. Current rent is $3,474/month ($41,688/year), increasing 3.0% every year.

Description

Henry Group Real Estate is pleased to offer 5005 W 81st Place Westminster, CO 80031 for sale. This Class B multi-tenant office building was built in 1984 and has 19 individual suites ranging from 220 SF - 2400 SF. The Property sits on a 30,056 SF lot that boasts 54 surface parking spaces.

Situated on the growing Denver-Boulder corridor, Westminster is easily accessed from either
metropolitan area. The Property is conveniently located between Sheridan Boulevard & Highway
36 with restaurants and shopping areas within walking distance

westminster.


Year Built: 1984
Building Size: 19200sq ft
Building Class: B
Lot Size: 0.69 acres


Documents

5005 West 81st Place OM.pdf

Map of 5005 W 81st Place, Westminster, CO, 80031

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.