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4950 East Asbury Avenue

Off-Market

4950 East Asbury Avenue, Denver, CO 80222

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial - Flex - Industrial
  • Property Size 54,915 Sqft
  • Lot Size 2.46 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1980

Location

  • City Denver, CO
  • Neighborhood Virginia Village
  • Zip Code 80222
  • Market Denver

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 15 Sep, 2021
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Denver

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Denver Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $33.82
  • 2020 Office Vacancy Rate 13.55 %
  • 2020 Office Completions (Sqft) 1,147,034

Denver Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per Sqft $224.34
  • Y-o-Y Avg. PpSF Change -4.82 %
  • 2020 Office Sales Volume $727.7M
  • 2020 Number of Transactions 14
View more Denver market trends

Tax

  • Property Tax in 2020 $109,439
  • Market Value $5,086,300
  • Assessed Value $5,086,300

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 4950 East Asbury Avenue?

4950 East Asbury Avenue totals 54,915 square feet.

When was this property built?

4950 East Asbury Avenue was built in 1980.

When was 4950 East Asbury Avenue last sold?

4950 East Asbury Avenue was last sold on 15 Sep, 2021.

What is the property tax for 4950 East Asbury Avenue?

The property tax for 4950 East Asbury Avenue in 2020 was $109,439.

What is the market value for 4950 East Asbury Avenue?

The market value for 4950 East Asbury Avenue in 2020 was $5,086,300.

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Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.