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This beautiful 4-unit commercial space is nestled in the heart of RiNO, Denvers 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 SUMMARYPrice: $6, 950, 000Total Units: 4Price / SF: $500Avg Rent / SF: $29.95 NNNCurrent NOI: $416, 477Current Cap Rate: 6.0%
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Heating, Cooling & Utilities
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