1805 Kipling Street
Lakewood, CO 80215
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Description for 1805 Kipling Street, Lakewood, CO 80215
New tenant or owner can occupy 253-7051sf. 65% occupied — option to downsize to 40% occupied to allow for SBA financing. rnrnNew breezeway, roof, and sky lights -2017/2018rnNew water heater -2023rnADA accessible (first floor)rnEmployee showerrnLarge basement for file storage (not included in RBA)rnMasonry constructionrnrnSince purchasing in 2009, this property has been owned and occupied by multiple successful medical practitioners. The lease terms presented here detail their commitment to maintain tenancy after closing, with 3% annual escalations, and are flexible to fit the needs of the future owner. The building has medical infrastructure for reception, plumbing, and file storage, and also welcomes general office users. rnrnAll common areas are currently generating income, and offer potential for additional tenancy. The proforma included herein reflects income from 65% occupancy of the property. A new user is able to secure additional occupancy and SBA eligibility by absorbing common conference and work space. rnrnLocated between Downtown Denver and the western foothills, this sale offers a unique opportunity for a medical office user and/or value-add investor to acquire income property in the high-demand Crown Hill submarket.
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