For Sale
$2,300,000

2525 16Th StGreeley, CO 80631

Net Lease Investment, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional two-story, Class B executive office building at 2525 W 16th Street, Greeley, CO 80631, presents a compelling net lease investment opportunity. Currently 100% occupied, with a lease expiring July 31, 2024, this property boasts a strong 6.28% cap rate and is priced at $2,300,000. The building features approximately 1 square foot of space (exact square footage not provided) and sits on land valued at $192.29 per square foot. Key features include a Pride Design office space, a generator for power outages, heated front entry and ramps, ADA-compliant ramps to both levels, and a maintenance-free exterior. A significant advantage is the inclusion of a separate storage building for maintenance purposes. The roof was replaced in 2018 with a 50-year warranty. The property is zoned C-L and benefits from a high daily vehicle count of 14,300. This turnkey investment offers a rare opportunity to acquire a well-maintained, high-performing asset in a desirable location. The property's strong occupancy and lease terms make it an attractive addition to any investment portfolio. Further details on the exact square footage are available upon request.

Highlights

  • 6.28% Cap Rate
  • 100% Occupancy (Unit A vacant August 1, 2024)
  • Unit A: Pride Design Office Suite
  • 14,300 Vehicles Per Day (VPD)
  • On-site Generator
  • Heated Front Entry & Ramps

Property Details for 2525 16Th St

Property type
Office properties
Square Feet
1 SF
Class
B
Buildings
1
Stories
2

Location Insight

City
Greeley
County
Weld
State
Colorado
Latitude
40.4398216
Longitude
-104.6821048
2525 16Th St, Greeley, Colorado

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2525 16Th St
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