Office Condos North Bear Crossing

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Don't Miss this Incredible Opportunity to Own this Newly Constructed Commercial Property for a Fraction of Its Value!


Minimum Bid $50 PSF----- Previous units sold between $165-$210 PSF

Property will ABSOLUTELY SELL once minimum bid is met.

Three office condos will be auctioned on July 31st. This is your chance to capture a fantastic deal for your next business location or to lease out and increase your portfolio. All three units will be sold on this date to the HIGHEST BIDDER-once minimum bid is met.

North Bear Office condominiums are part of a Mixed use development that comprise of office and retail, surrounded by high income residential neighborhoods and some apartments nearby who all frequent the subject development for their products and services. The building offers a newer smart design and modern architecture, with private entrances and no wasted common area factor. The total building size is 34,000 sqft of mostly medical, Dental and Financial services owners/users, with 190 open/shared parking spaces.

This makes a great investment opportunity to:

  1. Buy at the low price and resell As-Is at the higher median pricing of $165.00 PSF
  2. Finish out the Core & Shell units and lease-up and hold for income with great return
  3. Owner/user

 

Beautifully Finished Unit

Completely Finished and Ready to Move In.

Professional Office Suite with Grand Entrance- 7 offices, 2 bathrooms, Conference room with gorgeous views. Don't Miss This. You can not find a better office suite at this price any where in the Denver area!!

AVAILABILITY & STATUS:

 Unit # Square Feet Status Previously Listed PSF
108-SOLD 1,600 sq. ft Core & Shell $145.00 PSF
 207 3,222 sq. ft 100% Finished $165.00 PSF
 B: 208-209 4,450 sq. ft Core & Shell $160.00 PSF

 

DETAILS

Auction type:
Minimum Bid Auction

Auction Address:
2535 S Lewis Parkway,
Lakewood, CO 80227
Units 108, 207, Unit B (208&209)

Auction Date and Time:
Friday, July 31st, 2015 at 1:07 pm MST

Preview:
Saturday, July 18th, 2015 at 11:07 am - 2:00 pm MST
Saturday, July 25th, 2015 at 11:07 am - 2:00 pm MST

Bidding:
Cashier's Check (to bid) - $10,000
Buyer's Premium - 10%
Detailed bidder's Information is available in the Property Information Packet
All bidders are encouraged to read these materials before registering or bidding on this property.

Property Update:
Current $2.05 PSF annual assessment, billed monthly,
Owners are responsible for their own- Electric, Gas, Phones, Internet & Interior Janitorial.

 

 

LOCATION

It is located within 4 miles of the new St Anthony's Medical Campus and few blocks from US-285 with easy access to C-470 and great visibility from Kipling Street with near traffic count of 100,000 VPD.

 

BUILDING & DEVELOPMENT HIGHLIGHTS

 

DEMOGRAPHICS

  1 Mile 3 Miles 5 Miles
Population: 10,549 100,733 269,440
Daytime Population: 1,351 21,100 76,326
Average HH Income: $87,716 $84,361 $79,681
Consumer Spending: 122 117 102
Based on National Average
Index of 100
     

 

TRAFFIC COUNTS (112,363)

Kipling Southbound: 43,367
Kipling Northbound: 40,811
Morrison Westbound: 12,446
Morrison Eastbound: 15,739
Source: CDOT  


TERMS AND CONDITIONS

Will ABSOLUTELY Sell Once Minimum Bid is Met!

Don't Miss this Incredible Opportunity to Own this Newly Constructed Commercial Property for a 
Fraction of Its Value!


Brokers Welcome - 3%

Bidders Registration: All prospective buyers must register to bid. A $10,000.00 cashier's check or certified check payable to Prestige Real Estate Auction, LLC will be required to bid at the live auction. A 10% buyer's premium will be added to final bid and included in total contract price, a 10% non-refundable down payment will be due immediately after being declared the buyer. This amount will be applied to the purchase price and will be deposited in the brokers escrow account. The $10,000.00 cashier's check will be immediately returned in the event the bidder is unsuccessful.

Phone Bidding: Phone bidding registration must be completed 48 hours prior to the auction. All terms will apply as if you were participating at the auction in person.

Closing: The balance is due in cash or new loan at closing within 30 days. A General Warranty Deed will be supplied by the seller at the sellers expense giving marketable title subject to restrictions of record. Taxes & Home Owners Association fees are pro-rated. Title insurance will be at the buyer's expense.

Bidder Information Package: A Package of information has been assembled for this property and includes: a title, taxes, floor plans, CAM fees, Association Docs and more.

Property Inspection: Preview of the property is essential. Property will be sold "as is, where is" Property will be sold subject to easements, restrictions, zoning and other matters of record.

Conduct of Auction: Conduct of auction and bidding increments are at the discretion of Prestige Real Estate Auction, LLC. Prestige Real Estate Auction, LLC reserves the right to deny any person admittance to the auction.

Broker Participation Invited: A 3% Broker CO-OP is being offered to the broker that brings the successful high bidder. Brokers must register their buyer 48 hours in advance subject to established Prestige Real Estate Auction, LLC guidelines. Contact our office for more information 877-612-8494.

All property measurements are approximate. All information on this website was delivered from sources believed to be correct, but not guaranteed. It is the buyer's responsibility to verify all property specifications prior to the auction date. Prestige Real Estate Auction, LLC is an agent of the seller. Announcements take precedence over printed materials. Not available to residents of any state in which this real estate is not in compliance with the real estate laws or other laws of that state.

For Complete Terms & Conditions, go to the Property Information Packet on this website.

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