20 Wilkins Peak DrRock Springs, WY 82901

Property Details for 20 Wilkins Peak Dr

Year built

2008

Lot size

1.01 AC

Property size (Sq ft)

12,000 SF

Property type

Industrial properties

Property subtype

Other warehouses

APN

1805-07-3-02-013-00

APU

18050730201300

Description

This exceptional investment opportunity presents a 13,648-square-foot Class B warehouse in Rock Springs, Wyoming. Located at 20 Wilkins Peak Drive on a 1.01-acre lot, this single-tenant property is occupied by WYUTEX Energy Service under a Net Lease agreement. The building, constructed in 2008, boasts 1,648 square feet of office space (including a conference room, reception area, two offices, storage, and half bath) and over 10,000 square feet of heated warehouse space. Features include a floor drain, wash bay, seven 14-foot doors, a 1,648-square-foot mezzanine with lockers, and a paved and fenced yard. The property offers 30 parking spaces and is conveniently situated with easy Interstate 80 access. The current lease, commencing May 31, 2022, and expiring May 31, 2042, includes two five-year renewal options and features a 3.0% annual rent increase. The asking price is $2,357,555, representing a 9.00% cap rate and a price per square foot of $172.74. The Net Operating Income (NOI) is $212,180. The property is zoned for industrial use. Seller financing is available. All information should be verified by the buyer.

Location Insight

City

Rock Springs

County

Sweetwater

State

Wyoming

Latitude

41.5488

Longitude

-109.308

CBSA code

40540

CBSA name

ROCK SPRINGS, WY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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