For Sale
$7,900,000

113 6Th Ave Greeley, CO 80631

Multi-tenant industrial complex, high NOI.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional industrial investment opportunity in Greeley, Colorado, presents a compelling case for astute investors. Located at 113-215 N 6th Avenue, this multi-tenant property encompasses 59,324 square feet across multiple buildings situated on a sizable 9-acre lot. The property's strategic location near downtown Greeley offers convenient access to Highway 85, benefiting its seven tenants. The substantial yard space provides ample room for outdoor storage, adding significant value. The property's strong financial performance is highlighted by a pro-forma NOI of $566,607 and a pro-forma cap rate of 7.17%. The asking price is $7,900,000, translating to a price per square foot of $133.17. Several leases extend to 2028 and beyond, ensuring a stable income stream for years to come. The property is zoned for Industrial Medium Intensity use, providing flexibility for future development or expansion. This well-positioned, multi-tenant industrial complex offers a rare opportunity to acquire a high-performing asset in a thriving Colorado market. The property's size, location, and strong tenant base make it an attractive investment with significant long-term potential.

Highlights

  • Multi-tenant industrial property totaling 59,324 square feet on a 9-acre lot in Greeley, CO.
  • Located at 113-215 N 6th Avenue, near Highway 85.
  • Seven tenants with leases extending beyond 2028.
  • Strong financials: $7,900,000 asking price, $133.17/SF, $566,607 pro-forma NOI, 7.17% pro-forma cap rate.
  • Ample yard space for outdoor storage and zoned for Industrial Medium Intensity use.

Property Details for 113 6Th Ave

Property type
Warehouses, Industrial properties
Square Feet
59,324 SF
Lot Size (sq. ft)
392,040 SF

Location Insight

City
Greeley
County
Weld
State
Colorado
Latitude
40.433125870742
Longitude
-104.68714137075

FAQs

What type of property is this?
Warehouse - Multi-tenant industrial complex, high NOI.
Where is the warehouse located?
The property is located at 113 6Th Ave Greeley, CO.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: Multi-tenant industrial property totaling 59,324 square feet on a 9-acre lot in Greeley, CO.; Located at 113-215 N 6th Avenue, near Highway 85.; Seven tenants with leases extending beyond 2028.
How can I contact the broker?
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113 6Th Ave
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