TITLE:
19th Street Professional Building
CONTROL:
Exclusive
VALUE:
$1,375,000
LOAN:
$0
EQUITY:
$1,375,000
TYPE:
Office Building
HAVE:
Fully leased professional building in a good location. Four side by side tenants.
Building is 11,123 square feet on a 20520 square foot lot.
ADDRESS:
1601 East 19th Street, Cheyenne, Wyoming
BENEFITS TO NEW OWNER:
Solid cash flow in a good investment market with in place management
GROSS SCHEDULED INCOME:
$154,463 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$154,463
EXPENSES:
$45,975
NOI:
$108,488
DEBT SERVICE:
$0
CASH FLOW:
$108,488
CAP RATE:
7.89%
BENEFITS SOUGHT:
Closer to Denver area and/ or value add opportunity or cash flow.
REMARKS:
This well located blg has been 100% occupied for the past sev years. A CPA recently vacated 3800sf of space which is now offered for lease at $16.50 NNN- would improve the blg cap rate to approx 9% when leased. The NOI is under $60,000 w that space vacant
COUNSELOR:
Ross Fellenstein
Commercial West Real Estate Inc.
14143 Denver West Parkway, Ste. 100
Golden, Colorado, 80401
