CURRENT PROPERTY

2825 – 2865 S. Tejon St.

Englewood, CO

ASSET CLASS:

Industrial

ASSET SUB-TYPE:

Small bay

BUILDING:

21,505 sq ft, (6) units

Investment Report

Thesis

Overview

This attractive, multi-unit industrial retail building is desirably located and well maintained, with large bays and multiple build-out configurations (industrial and office mix) that can appeal to a variety of tenants.

Risks

Accurate Door & Window vacates at the end of their lease, we clean up, and finish the units to our standard look and feel and it takes a long time to lease up the building.

OUTLOOK & EXIT

Property should provide for an annualized 7.48 – 9.05% unlevered annualized internal rate of return (IRR) or higher, barring a worse than normal recession or unexpected economic shock during the next ten years.

Improvements Made

Before After
Before After

More Information

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