710 11th Ave - Office FOR SALE


Greeley, CO 80631
$7,100,000 USD
970-690-4227
710 11th Ave, Greeley, CO for Sale
$7,100,000 USD
Office - FOR SALE
1/9
null | Request Cap Rate

710 11th Ave
Greeley, CO 80631


HIGHLIGHTS

  • Legacy Asset, premier location in downtown Greeley
  • On the National Register of Historic Places
  • Located within the Opportunity Zone
  • Recent Capital Improvements
  • Long-term tenancy of Public Defenders

OVERVIEW

Unique and rare opportunity to acquire a Legacy Asset, located in the heart of downtown Greeley. The prominently located 48,205 SF office building is recognized by the National Register Historic Landmark and Buildings. The Greeley Building started as a High School at the turn of the century and has realized high occupancy for the entire life of the building. In the 1980s, the building underwent a major renovation to convert the building from a school to office. Since the mid- 80’s, a local family has maintained this use and serviced a diversified tenant mix of executive suites and larger tenants, comprising of local government, non-profits, and private businesses such as attorneys, evolving to today with 81% occupied by Colorado State Public Defender’s offices. Recent capital improvements in the building include boiler, parking lot, elevator, EPDM, fire alarm, LED lighting, HVAC mechanical upgrades, exterior window restoration and painting, brick restoration, and new sliding glass patio doors.

FOR SALE DETAILS

PRICE

$7,100,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Greeley Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1885

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

-

APN/PARCEL ID

R6768386

ASK ABOUT THIS PROPERTY

Jared GoodmanCushman & WakefieldMore Info
970-690-4227

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Jared GoodmanCushman & WakefieldMore Info
970-690-4227

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