$1,600,000
$1,750,000
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10,571 SqFt
SOLD DATE : 05/19/2020
Key Details
Sold Price $1,600,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 10,571 sqft
Price per Sqft $151
Subdivision Colorado Plaza I
MLS Listing ID 162953
Sold Date 05/19/20
HOA Fees $52,219
Originating Board Aspen Glenwood MLS
Year Built 2001
Annual Tax Amount $27,996
Tax Year 2019
Lot Size 10,571 Sqft
Acres 0.24
Property Description
Incredible opportunity to purchase 55% of Colorado Plaza 1. Fully leased, class A office in the heart of Glenwood Springs. Quality tenants with the anchor tenant lease through 2023. This bulk purchase is at $165 per square foot, whereas the last sale in Colorado Plaza was at $226psf. All units can be sold off individually in the future. With an NOI of $120,429 this is priced at a 6.9% CAP!!!
Location
State CO
County Garfield
Community Colorado Plaza I
Area Glenwood Springs
Zoning Commercial
Direction Take Grand Avenue to 13th Street. Turn west at 13th Street. Colorado Plaza I is located on the left hand side of the street just before Colorado Avenue.
Exterior
Utilities Available Natural Gas Available
Roof Type Composition
Building
Foundation Slab
Water Public
Others
Tax ID 218516141001
Acceptable Financing Cash
Listing Terms Cash
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