$5,000,000
$5,250,000
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23,131 SqFt
SOLD DATE : 02/18/2022
Key Details
Sold Price $5,000,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 23,131 sqft
Price per Sqft $216
MLS Listing ID 173009
Sold Date 02/18/22
HOA Fees $175,828
Year Built 2003
Annual Tax Amount $50,753
Tax Year 2021
Lot Size 0.862 Acres
Acres 0.86
Property Sub-Type Commercial
Source Aspen Glenwood MLS
Property Description
Incredible investment opportunity to purchase Glenwood Springs best Office building. Building is 95% leased with 7 top tier tenants. Average expiration date of 2026. 17,320 sf above grade + 5,811 sf below grade. 46 car parking lot. Current CAP Rate =6.4% with current leases and capitol replacement fund. New roof in 2020 and HVAC controls update in 2018. Heating/cooling cost less than Energy Star standards. Building is condominiumized, but we are selling the entire building.
Location
State CO
County Garfield
Area Glenwood Springs
Zoning commercial
Direction Midland Avenue roundabout between Co River & I-70 - Exit Gilstrap Ct. head west 1/4 mile between Quality Inn & Audi Dealership
Exterior
Roof Type Membrane
Others
Tax ID 218506438001
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