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Alameda - 7-11 2299 West Alameda Avenue, Denver, CO 80223
Area Description
Corner of West Alameda and South Yuma - Denver Colorado (80223 zip code).
Highlights
$1,965,576 is the median price for the provided sales comparison. Therefore, I would advertise this property at that price in anticipation of the negotiations to bring in lower. The two key topics that will impact this is the lending (buyers) status and environmental situation for the site. In the event a buyer is doing a cash transaction the investment outlook holds with this price. In the event they require a loan there will be downward pressure to this price due to the underwriting. The environmental status for all gas stations in Colorado typically call for a phase I&II study. This will have to be worked through the negotiation process for this site. Anticipating the various scenarios that can come of this would be prudent for a successful sale.
Full Address: 2299 West Alameda Avenue, Denver, CO 80223
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 100
Region: W-WM
Property ID: 4079183
Building Sf: 3651
Number Units: 1
Tenancy Type: Single-Tenant
$1,965,576 is the median price for the provided sales comparison. Therefore, I would advertise this property at that price in anticipation of the negotiations to bring in lower. The two key topics that will impact this is the lending (buyers) status and environmental situation for the site. In the event a buyer is doing a cash transaction the investment outlook holds with this price. In the event they require a loan there will be downward pressure to this price due to the underwriting. The environmental status for all gas stations in Colorado typically call for a phase I&II study. This will have to be worked through the negotiation process for this site. Anticipating the various scenarios that can come of this would be prudent for a successful sale.
Cash Flow Type: Proposed
Cf Effective Gross: 63250
Cf Year: 2025
Cf Sched Income: 63250
Cf Net Op Income: 63250
Debt Type: Proposed
1: National Tenant-7-11 Occupied: 2590 SF Lease Expiration: 04/30/2027