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.

The Large Office

The large office is 13'x25'; double insulated with a large oak desk at one end, and two full leather couches at the other; and two large leather chairs. It has been designed to be more like a living room than an office, and large enough to comfortably handle therapy groups. The room can comfortably accommodate nine people.

It has recently been repainted with two shades of grey, and white trim. New carpet has been installed, new ceiling tiles, and updated accessories.

My office rents for $650/month, fully furnished. Furnishings can be considered in negotiating the sale price.

Middle Sized Rental Office

 

 

This office is currently fully rented by two psychotherapists:
 

(Both are on a month-to-month lease). The cost for rent per month is $495 with wi-fi and utilities included. Renter's insurance is required by the tenant, as is a professional licensure. 

This office has had a slow turnover, with past tenants generally staying for an average of 2-6 years. The renters have included  massage therapists, an acupuncturist, and a psychologist. Below is the decor of Jennifer DeVault, LPC  the current tenant:

 

This is how it looked when occupied by a massage therapist:

The office is L-shaped, and just beyond the archway is another room measuring 8'8" x 12'4". This area is perfect for a massage table.

Small Rental Office

 

 
 
This office is currently occupied by Nancy Turley, LPC.  It is not currently available for rent. The office is carpeted, has a window, and a built in bookshelf. It does not come with a phone, but does have wi-fi; and all utilities are paid by the landlord. The office is relatively small: 8' x 13.5', with a width only appropriate for a love seat versus a regular sized couch.  It has previously been occupied by psychotherapists, massage therapists, and an acupuncture practitioner. This office will go fast: the longest vacancy I've experienced is a month, and tenants tend to stay several years.

 

 

Office Reception Area

 

 

The reception area has been recently updated with new carpeting, new ceiling tiles, a new awning, and paint (two tones of grey with white trim. Much of my twenty years of clutter has been removed.

 

 

When you walk in the front door you are in a small waiting area has a large built-in, natural wood reception desk and tile floors. The walls are antique brick.

For purposes of investment a fourth office could be made by turning this area into a rental office: 9'x15' with windows near the ceiling so it has a lot of light.



Office Exterior

 
This is a small, storefront office building. It was built around 1900 in a neighborhood that was first developed in the 1890's with Queen Anne style houses. It is located just South of downtown Denver, in what is called the Baker neighborhood. The building has been a grocery store most of its life, and was a gospel hall in the 1920's. During the Great Depression it was divided into two stores: a grocery and millinery with two separate addresses. When I bought the building it was owned by a plumbing and heating contractor, and the left side of the building had a garage door into a garage and shop. I remodeled that portion to be my own office, which measures 12'x24'.   The front portion beyond the side walk has decorative squares of cement to the street designed to minimize the upkeep. The exterior doors are steel, as are the window frames. The windows are reinforced glass to minimize breakage. We have never been burglarized. The roof is rubber with no leakage since that was installed, the sewer is lined with Kevlar, and the swamp cooler is new this year - with a thermostat.

Parking on the street in front of the office is readily available for tenants and their clients.

Directions:  3 blocks West of Broadway & 3 blocks South of 6th Avenue.

These photos, being taken in January, unfortunately don't show the two large trees leafed out and the planters full of marigolds every spring and summer.

Here is a photo of the office in the summer time.