1610 29th Ave Pl - Office FOR SALE


Greeley, CO 80634
$1,100,000 USD
970-413-1182
1610 29th Ave Pl, Greeley, CO for Sale
$1,100,000 USD
Office - FOR SALE
1/41
null | 8.08% Cap Rate

1610 29th Ave Pl
Greeley, CO 80634


HIGHLIGHTS

  • Strong in-place income from three new leases provides stability while finishing lease up of the last remaining space
  • All NNN lease structures at $12.50/SF on 3-year terms with 3% increases and renewal options
  • $88,826 Net Operating Income in Year 1 of Pro Forma with lease up of last remaining space (suite 100), and garage / storage space
  • Cohesive medical tenant mix is perfect for this building and location in Greeley
  • Well positioned asset with high quality finishes, and a solid tenant mix
  • Recently updated suites providing little need for tenant improvement allowance at lease roll-over

OVERVIEW

LC Real Estate Group is pleased to offer this opportunity to purchase this 8,120SF multi-tenant office building in central Greeley. Current tenant(s) include Health Psychology Associates, Consultant's for Children, Inc., and Community Advantage Inc. Built in 1978, and updated since construction, the building is conveniently located in central Greeley just off of 16th Street and 29th Avenue Place, between nearby Bittersweet Park and Banner North Colorado Medical Center. This well-appointed two-story office building is elevator served and features mature landscaping, a garage/storage space, and two east facing balconies, making it a unique find in central Greeley for any investor looking for a small, easy to manage investment opportunity.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

8.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Woodbriar Place

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

PUD

APN/PARCEL ID

095912334009

ASK ABOUT THIS PROPERTY

Rico DevlinLC Real Estate Group LLCMore Info
970-413-1182

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Rico DevlinLC Real Estate Group LLCMore Info
970-413-1182

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.