505 N Center St - Industrial FOR SALE


Casper, WY 82601
$3,356,308 USD
208-867-0189
505 N Center St, Casper, WY for Sale
$3,356,308 USD
Industrial - FOR SALE
1/6
null | 8.75% Cap Rate

505 N Center St
Casper, WY 82601


HIGHLIGHTS

  • Recently Extended Lease - Quality Brands executed a lease amendment effective February 15, 2026, extending the lease through January 31, 2032.
  • Established Regional Tenant - Quality Brands is a family-owned beverage distributor operating a multi-state distribution network across Nebraska, Sout
  • Operationally Important Facility - The property is used for wholesale beverage distribution and includes warehouse, office and cold-storage functional
  • Modified-Net Lease Structure - The tenant pays real estate taxes directly, pays for insurance, contracts for utilities where possible, maintains most
  • Attractive Going-In Yield - The offering is priced at an 8.75% capitalization rate based on the underwritten NOI of $293,677.
  • Central Casper Location - The property is located near downtown Casper with access to the city's primary commercial and transportation corridors,

OVERVIEW

This offering presents the opportunity to acquire 505 N Center St, a 39,322-square-foot industrial and cold-storage distribution facility in Casper, Wyoming, leased to Quality Brands Distribution, LLC. The property is offered for $3,356,308, representing an 8.75% cap rate on NOI of $293,677 and an acquisition price of approximately $85.00 per square foot—an attractive basis well below the replacement cost of a comparable facility. Quality Brands recently extended its lease through January 31, 2032, with approximately 3% annual rent increases. The modified-net lease requires the tenant to pay real estate taxes, utilities, insurance, most maintenance expenses and certain operating-expense reimbursements.

FOR SALE DETAILS

PRICE

$3,356,308 USD

PRICE/SF

$108 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.56

LAND SF

111,514

ZONING

-

APN/PARCEL ID

33-79-04-4-0-101100

ASK ABOUT THIS PROPERTY

Lew GoldmanGoldman | Ryden Real Estate Investment ServicesMore Info
208-867-0189

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Lew GoldmanGoldman | Ryden Real Estate Investment ServicesMore Info
208-867-0189

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