CHASE BANK | $1,850,000 | 5.50% CAP
The Deltondo Group and Marcus & Millichap is pleased to present for sale Chase Bank a fee simple single-tenant property located at 1705 Sheridan Boulevard, Denver (Edgewater), Colorado 80214.
The subject property is comprised of 3,728 square feet and was built in 1993, renovated in 2005. The building sits on a moderate 17,903 square foot lot with ample parking with frontage on Sheridan Boulevard which oversees 47,000+ vehicles per day.
Chase Bank holds a corporate triple-net lease, landlord responsibilities include structural components and exterior surfaces of the building, roof, roof surface, walls, foundation, concrete slab, unexposed electrical, plumbing lines, and capital expenditures to the HVAC systems. Chase bank has one-year remaining on the current lease with three, five-year options to extend. Chase Bank has occupied the location since 2005 and has three, five-year options to extend with 10% increases.
JPMorgan Chase Bank doing business as Chase Bank is a national Association that provides various banking and other financial services to corporate, institutional, and governmental clients in the United States and internationally. It offers noninterest-bearing deposits and interest-bearing deposits. The company also provides consumer loans, such as residential mortgages, home equity loans and lines of credit, auto loans, business banking loans, and student and other loans; and home equity loans secured by junior liens, prime mortgage loans, and payment-option loans. In addition, it offers credit card loans; and wholesale loans to various customers, such as corporate and institutional clients, and high-net-worth individuals, as well as investment banking, financial transactions processing, and asset management services. The company was founded in 2000 and is based in New York, New York. JPMorgan Chase Bank, National Association operates as a subsidiary of JPMorgan Chase & Co.