For Sale
$5,800,000

257 Johnstown Center Dr Johnstown, CO 80534

Colorado Shopping Center, High Occupancy

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 27,856 square foot mixed-use property in Johnstown, Colorado, presents a compelling investment opportunity. Built in 2005, the Class B, two-story building boasts 100% occupancy and a strong pro-forma cap rate of 6.58%. The 24,378 square feet of net rentable space is currently home to 18 diverse businesses, including retail tenants such as two restaurants, a liquor store, café, hair and nail salons, dentists, massage therapy, and H&R Block. The upper level features 5,848 square feet of office space occupied by eight businesses. Located at 257 Johnstown Center Dr, Johnstown, CO 80534, on a 2.295-acre lot, the center offers 125 parking spaces (a 4.49:1,000 sq ft ratio). The property benefits from significant recent improvements, repositioning it as Johnstown's premier business center. The asking price is $5,800,000, translating to $208.21 per square foot. The property features built-in rent bumps and is situated in a rapidly growing area with convenient access to major transportation corridors including I-25, Hwy-60, and Hwy-34. This stabilized investment offers low maintenance and professional management, making it an easy-to-own asset with significant upside potential. The average leasable space size is 1,354 square feet, contributing to a diversified tenant base. Financial records show a pro-forma NOI of $381,387. The property is zoned for commercial use.

Highlights

  • Strong tenant diversity.
  • Average unit size: 1,354 square feet.
  • Low operating expenses.
  • Ample parking (125 spaces, 4.49/1,000 SF).
  • Located in rapidly growing Johnstown, CO.
  • Excellent access to I-25, Hwy 60, and Hwy 34.

Property Details for 257 Johnstown Center Dr

Property type
Lifestyle centers, Power centers
Square Feet
27,856 SF
Class
B
Year Built
2005
Buildings
1
Stories
2
Lot Size (sq. ft)
99,970 SF
Units
18

Location Insight

City
Johnstown
County
Weld
State
Colorado
Latitude
40.333893897308
Longitude
-104.90638583673

FAQs

What type of property is this?
Lifestyle center - Colorado Shopping Center, High Occupancy
Where is the lifestyle center located?
The property is located at 257 Johnstown Center Dr Johnstown, CO.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: Strong tenant diversity.; Average unit size: 1,354 square feet.; Low operating expenses.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
257 Johnstown Center Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message