1252 Commerce Dr - Office FOR SALE


Laramie, WY 82070
$5,400,000 USD
303-328-2020
1252 Commerce Dr, Laramie, WY for Sale
$5,400,000 USD
Office - FOR SALE
1/6
null | 6.44% Cap Rate

1252 Commerce Dr
Laramie, WY 82070


HIGHLIGHTS

  • Strong Long-Term Tenancy with Established Engineering Firm
  • 22,000 SF of Office Space and 900 SF of Warehouse Space
  • Mission-Critical Infrastructure Including Generator and Photovoltaic System
  • Tenant Expansion Plans Emphasize Commitment and Income Stability

OVERVIEW

Marcus & Millichap is pleased to present the Single Tenant Net-Lease Flex/Office investment opportunity located at 1252 Commerce Drive in Laramie, Wyoming. This versatile commercial property is currently occupied by Trihydro, a well-established national environmental and engineering firm. The property was originally built by principals of the tenant for their long-term home headquarters. The tenant has a long-established history in Laramie and recruits heavily from the University of Wyoming, located less than 10 minutes away. Trihydro is a 40+ year old company that now boasts more than 600 employees nationwide, with over 150 located at the subject property. The tenant has expressed a desire to avoid relocating and has the ability to expand and with its growth at the current location, highlighting the property’s ideal suitability for the tenant’s operational needs. The multi-use property includes both 22,000 square feet of office space and 900 square feet of warehouse space. The open floor plan is a perfect suit for their layout, with large cubicle areas, modular office/conference room facilities and executive offices. Additionally, the facility includes several operational upgrades including a ground-mounted transformer, a Generac emergency generator, a photovoltaic solar system to offset approximately 15-20% of their energy consumption, and a grade-level drive-in door that provides direct access to the warehouse. The property also sits in the Laramie River Business Park, home to several high-tech and growing businesses. Considering the tenant’s operational demands tied closely to the site, and relocation requiring significant capital expenditure and time, the property offers exceptional security of income. As a result, the asset represents an ideal blend of income stability, tenant commitment, and value creation for an investor.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

6.44%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trihydro Corporation

PROPERTY TYPE

Office

ADD'L SUBTYPES

R&D

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

84

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

-

APN/PARCEL ID

05-1573-05-2-04-015.00

ASK ABOUT THIS PROPERTY

Brandon KramerMarcus & MillichapMore Info
303-328-2020

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Brandon KramerMarcus & MillichapMore Info
303-328-2020

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.