For Sale
$1,250,000

152 Industrial DrRock Springs, WY 82901

High-yield NNN-leased warehouse, 1.2 years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a single-tenant, net-leased industrial property located at 152 Industrial Dr, Rock Springs, Wyoming, 82901. The property consists of a ±9,000 square foot building situated on a 1.14-acre lot. Currently 100% occupied by Praxair Distribution, Inc., a globally recognized industrial gas company, under a NNN lease expiring January 31, 2026, offering a remaining lease term of approximately 1.2 years. The property boasts a strong net operating income (NOI) of $105,660, translating to an attractive 8.45% cap rate. The asking price is $1,250,000, representing a price per square foot of $138.89. Built in 1975, this single-story building is classified as a distribution, flex, and warehouse space. The property's strategic location along US Highway 191, a major city thoroughfare, provides excellent visibility and accessibility. The lease includes options for 2 and 3-year extensions, offering potential for long-term income generation. The property's APN is 04-1905-22-1-00-010.00. This is a compelling investment opportunity for those seeking a stable, high-yield return in a desirable location. Seller carry financing is available.

Highlights

  • NNN-leased industrial investment opportunity.
  • ±9,000 SF building on a 1.14-acre lot.
  • Located on US Highway 191 in Rock Springs, WY.
  • Occupied by Praxair Distribution, Inc. under a net lease expiring 01/31/2026.
  • $1,250,000 asking price, representing an 8.45% cap rate and $138.89/SF.

Property Details for 152 Industrial Dr

Property type
Warehouses, Industrial properties
Square Feet
9,000 SF
Year Built
1975
Buildings
1
Stories
1
Lot Size (sq. ft)
49,658 SF

Location Insight

City
Rock Springs
County
Sweetwater
State
Wyoming
Latitude
41.617779306874
Longitude
-109.23422155947
152 Industrial Dr, Rock Springs, Wyoming

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152 Industrial Dr
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