$850,000
$875,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
7,680 SqFt
SOLD DATE : 04/25/2019
Key Details
Sold Price $850,000
Property Type Commercial
Sub Type Sale: Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 7,680 sqft
Subdivision Bittersweet Square Minor
MLS Listing ID 868295
Sold Date 04/25/19
HOA Y/N false
Abv Grd Liv Area 7,680
Originating Board IRES MLS
Year Built 1983
Annual Tax Amount $6,118
Lot Size 4,356 Sqft
Acres 0.1
Property Description
Recently renovated multi-tenant asset in central Greeley. Priced well below replacement cost at $146.50/USF. $70,324 NOI producing 8.0% Cap Rate. Stable NNN leases with annual rent escalations. Upside potential with lease up of available space - current occupancy 81%. Low NNN expenses make gross lease rates competitive. Strong Greeley office market conditions (2.9% vacancy). Located 1 mile from King Soopers & Safeway grocery centers. Seller ready to make deal before end of year.
Location
State CO
County Weld
Area Greeley/Weld
Zoning CL
Direction Take US Hwy 34 to Greeley, taking the exit for Hwy 34 Business Route (10th St.). Continue until 35th Ave. - take a right (south) onto 35th. Business plaza is on the corner of 35th Ave. & 16th St. Entrance is on 16th.
Interior
Interior Features High Speed Internet
Heating Forced Air
Cooling Refrigeration/HVAC
Exterior
Exterior Feature Lighting
Parking Features Paved
Utilities Available Natural Gas Available, Electricity Available
Roof Type Wood
Street Surface Paved
Handicap Access Accessible Approach with Ramp, Level Lot
Building
Lot Description Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet, Corner Lot
Building Description Wood/Frame,Brick/Brick Veneer, Lawn Sprinkler System
Sewer City Sewer
Water City Water, City of Greeley
Structure Type Wood/Frame,Brick/Brick Veneer
New Construction false
Others
Senior Community false
Tax ID R5024308
SqFt Source Other
Special Listing Condition Private Owner
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Bought with LC Real Estate Group, LLC
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201 Coffman Street # 1902, Longmont, Colorado, 80502, United States