3254-3258 Larimer Street, Denver, CO


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Square feet



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


Is Waterfront No
Has Pool No


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

OfficeKaufman Hagan

Listing Map

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