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433 Park Point Drive, Golden, CO 80401 (Sold on 10/10/2016)

  • 0 BedBeds
  • 5 Baths
  • 0 Full BathFull Baths
  • 0 Half BathHalf Baths
  • 0 3/4 Baths
  • 25,023 Sqft
  • Commercial
  • Sold
  • MLS# 6706390
  • mls board disclosure Privy Real Estate
0 More Scheduled

$2,895,000

  • Price Reduced

Property Description433 Park Point Drive, Golden, CO 80401


The Genesee Plaza office building is a local landmark with visibility from I-70. It is a 25,030 sq. ft. , fully occupied office property. Current gross revenue from rents is $403,557.92. Current NOI is $257,183.54, after expenses. The building has two stories and 7 tenants. Many have been tenants for over 10 years. All but one is locked into a long term lease. The property was also recently renovated and updated. Common areas and about 50% of the office suites were completely rehabbed in 2015. This property is in excellent condition, interior and exterior. Other Highlights: This is a stable investment, with 100% current occupancy and predictable cash flow. The largest tenant has occupied since 1992. There is abundant Parking (recently re-sealed): 4.8 spaces/1,000 SF. And the property has below market avg lease rate. All leases have annual increases. The current cap rate is 8.80%, which increases annually. The property sits on 2.05 acres and is 150 yards from the I-70 off ramp.

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Property Details433 Park Point Drive, Golden, CO 80401

Listing courtesy of: Privy Real Estate

General Features

Style  Multi-Level
Year Built  1986
Lot Size  2.0500
Total Sq. Ft  25023.00
Finished Sq. Ft.  25023
Baths  5

Interior Features

Square Footage Above approx  25023
Heating  Forced Air
Flooring  Carpet, Tile Floor
Cooling Description  Air Conditioning-Central, Air Conditioning-Individual, Air Conditioning-Room
Additional Interior Features  Cable Available, Double Pane Windows, Eating Space / Kitchen, Handicap Accessible, Internet Access (Wired), Remodeled, Security System, Updated, Vaulted

Exterior / Lot Features

Exterior  Balcony, Professional Landscaping
ZONING  Commercial
Lot View  Mountain View

Schools

School District  Jefferson County R-1
Elementary 
Middle 
High 

Financial Considerations

Tax Amount  $2871600
Tax Year  28716

Directions

West on I-70

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Monthly insurance : $0.00
Monthly taxes : $0.00
Monthly payment : $0.00
Total monthly payment : $0.00

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The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than RE/MAX Alliance are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. [more]

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