For Sale
$1,100,000
1610 29Th Avenue Pl Greeley, CO 80634
Multi-tenant office, high cap rate, value-add opportunity.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 139
Highlights
- Strong, stable income from three new, long-term leases.
- NNN leases at $12.50/SF, 3-year terms, 3% annual increases, and renewal options.
- Year 1 NOI projected at $88,826 with full occupancy.
- Ten-year IRR: 15.23% leveraged, 10.46% unleveraged.
- Year 2 cash-on-cash return: 9.26%.
- Ten-year average cash-on-cash return: 10.23%.
Property Details for 1610 29Th Avenue Pl
- Property type
- Office properties, Office space
- Square Feet
- 8,120 SF
- Year Built/Renovated
- 1978/2020
- Buildings
- 1
- Stories
- 2
- Lot Size (sq. ft)
- 22,608 SF
- Units
- 4
Location Insight
- City
- Greeley
- County
- Weld
- State
- Colorado
- Latitude
- 40.4145129
- Longitude
- -104.7278265
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - Multi-tenant office, high cap rate, value-add opportunity.
- Where is the office property located?
- The property is located at 1610 29Th Avenue Pl Greeley, CO.
- What is the asking price?
- The asking price for this property is $1,100,000.
- What are key features of this property?
- This property features: Strong, stable income from three new, long-term leases.; NNN leases at $12.50/SF, 3-year terms, 3% annual increases, and renewal options.; Year 1 NOI projected at $88,826 with full occupancy.
- How can I contact the broker?
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