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Capital Markets  |  Investment Properties
4905 W 60TH Ave | ARVADA, CO | 80224
Just Sold
Owner/User Education Facility
CBRE
EDUCATION FACILITY | NEAR 60TH/SHERIDIAN LIGHT RAIL
The property is excellently located steps from the RTD Park-n-Ride (60th/Sheridan-Arvada Gold Strike Train Station (G Line)), just off 60th and Sheridan and within 7 minutes (2 Miles) of Olde Town Arvada.
PROPERTY DETAILS
Originally purchased as a vacant office building, the current ownership group added $2.0+ million in improvements to transform the building into a Charter School for grade 6-12 students. The conversion/remodel consisted of; updating the sprinkler system, updating HVAC, converting office space to classrooms, implementing a cafeteria, and creating indoor recreational space on the lower level and other required updates to comply as an Education Facility in Colorado. Additional improvements include a roof replacement in 2018, new Boiler in 2021, two new HVAC units replaced in 2023 (additionally, RTU updates implemented in 2016), and a state-of-the-art Science Wing remodel in 2022.
Transaction highlights
Date Sold
July 22, 2024
Sale Price
$6,350,000 (±$143/SF)
Building Size
±44,316 SF
Location
Near Sheridan and I-76
For more information, please contact:
Monica
Wiley
Vice President
+1 303 583 2013
monica.wiley@cbre.com
Jeff
Wood
Vice President
+1 303 583 2012
jeffrey.wood@cbre.com
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