About 3254-3258 Larimer Street
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 ~$417k 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 continues in RiNo for years to come. INVESTMENT SUMMARY Price: $6,795,000 Total Units: 4 Price/SF: $489 Avg Rent/SF: $29.95 NNN Current NOI: $416,477 Current Cap Rate: 6.13%
Features of 3254-3258 Larimer Street
| MLS® # | 6456568 |
|---|---|
| Price | $6,795,000 |
| Bathrooms | 0.00 |
| Square Footage | 13,907 |
| Acres | 0.21 |
| Year Built | 2018 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 3254-3258 Larimer Street |
|---|---|
| City | Denver |
| County | Denver |
| State | CO |
| Zip Code | 80205 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Additional Information
| Date Listed | May 12th, 2023 |
|---|---|
| Zoning | I-MX-3, UO-2, DO-7 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Kaufman Hagan |
|---|