1457 Coffeen - Warehouse FOR SALE


Sheridan, WY 82801
$5,050,000 USD
307-675-8888
1457 Coffeen, Sheridan, WY for Sale
$5,050,000 USD
Warehouse - FOR SALE
1/45
null | 7.73% Cap Rate

1457 Coffeen
Sheridan, WY 82801


HIGHLIGHTS

  • One of the largest square foot facilities in the City of Sheridan available for a multi-use re-development.
  • Centrally located along one of Sheridan's business traffic corridors.
  • Top floors provide amazing views of the Big Horn Mountains

OVERVIEW

The City of Sheridan continues to grow and diversify its economy. With this growth comes more creative mixed use development opportunity and the most economical way to achieve larger scale development is ''infill development''. This building was home to The Holly Sugar Factory building. The ''Sheridan Enterprise'' newspaper in 1915 regularly posted updates and announcements about the steel workers from Holly. This historic building provides over 100,000 SF of opportunity for any mix of uses. With an industrial structural frame, massive power supply and wide-open spaces, this centrally located campus can provide any investor with a blank slate opportunity. The opportunities are endless for this prime real estate campus. This property provides immediate income with the current tenants which provides any investor with the opportunity to develop and lease the upper floors for a tremendous income property. The current NOI would support a 25% cash to debt ratio with typical financing.

FOR SALE DETAILS

PRICE

$5,050,000 USD

PRICE/SF

$50 USD /SF

CAP RATE

7.73%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Holly Reimagined

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Manufacturing, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1915

UTILITIES

Lighting, Gas - Natural, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.45

LAND SF

106,722

ZONING

M1

APN/PARCEL ID

03-5684-35-4-00-054-33

ASK ABOUT THIS PROPERTY

Nic BatesonImpact PropertiesMore Info
307-675-8888

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Nic BatesonImpact PropertiesMore Info
307-675-8888

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