309 Cherokee Denver, CO 80223
Tuesday, September 24, 2013
Sale of the Building
This is a building I have owned for twenty years. I am a psychotherapist and am in the process of retiring, not wanting to be a landlord in my "golden" years. The building was a small neighborhood grocery store most of it's life. It currently has three offices, a bathroom, break room, and waiting area.
The tenants now include two psychotherapists, as well as three other therapists who are subletting part time. Although the building is fully rented all renters are on a month-to-month lease so in the event a new buyer wanted the space they could vacate by closing. In terms of rental potential, the vacancy rate has been a total of two months over twenty years. There is the investment potential of adding 1-2 other offices.
The building has been carefully maintained and upgraded over the years. Both the sewer and the roof are under warranties. A new swamp cooler with a thermostat was installed June, 2013.
It is represented by Michael Sullivan and Ben Gilliam of Coldwell Banker Commercial. Please make inquiries to 303-238-7777.
- Mike Holtby
- I am a 72 year old psychotherapist (now retired) and photographer. When in college I wanted to be a cultural anthropologist, but I couldn't figure out how to do fieldwork in some remote part of the world with a wife and small daughter. So I changed my major to Sociology. I eventually became a clinical social worker. I burnt out on that field in my mid-thirties, and went to art school in commercial photography. However, in the end the best balance proved to be as a private practice psychotherapist, with photography as an avocation. This eventually synthesized with my original interest in indigenous cultures around the world (I've been to 40 countries) photographing people for a project called "One Planet -- One People". To see more go to: http://MikeHoltby.com