This exceptional 61,924 square foot, two-story Class B office building in Greeley, Colorado, presents a compelling investment opportunity. Situated on 8.145 acres at 8750 W 20th St, this property boasts a prime location with excellent highway visibility and access via Highway 34, 83rd, and 95th Avenues. Currently 70% occupied by strong credit tenants, Food Safety Net Services and CPS Distributors, with long-term leases, this building offers significant upside potential. Recently renovated in 2017 and 2022, the property features a new façade, parking lot, landscaping, and a modern vestibule with an elevator. The first floor is fully leased, while the second floor is in core and shell condition, providing a blank canvas for a new tenant. The flexible layout caters to various uses, including corporate headquarters, light lab space, or professional offices. Amenities include 137 parking spaces, a fenced yard, and fantastic mountain views from the second floor. The property's location offers convenient access to I-25 (12 minutes) and Highway 85 (16 minutes), further enhancing its appeal. The building's permitted zoning is PUD, City of Greeley. The asking price is $6,900,000, with a current NOI of $282,296 and a pro-forma NOI of $544,665. Monument and building signage opportunities are available. This is an ideal investment for owner-users seeking additional income or investors looking for strong returns.
Highlights
$6,900,000 asking price for a 61,924 SF Class B office building on 8.145 acres in Greeley, CO.
Recently renovated (2017 & 2022) 61,924 SF flex building with 137 parking spaces, offering a full floor of vacant office space.
High-visibility location on Highway 34, with easy access via 83rd or 95th Avenue, 12 minutes from I-25 and 16 minutes from Highway 85.
70% occupancy with strong credit tenants (FSNS and CPS Distributors) on long-term leases; flexible layout options and potential for significant upside.
Monument and building signage available; amenities include a fenced yard and a newly renovated vestibule with elevator.
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Contacts
Mark Bradley, CCIM, SIOR
Gage Osthoff
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8750 20Th St, Greeley, Colorado, 80634
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8750 20Th St
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