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19961849

2109 Upland St, Rock Springs, WY 82901

BM
WY WY 4899
HomeSmart Realty Group
Listed by HomeSmart Realty Group
$6,250,000
641 days on market
Updated 37 days ago

1709 Elk Street

Details
Property Type Industrial
Sub Type Distribution, Flex (+1)
Units 23
Cap Rate 4.42%
NOI $276,339
Occupancy 85%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 7.41%
Pro-Forma NOI $463,351
Class C
Year Built 1956, 1978, 1981
Buildings 11
Stories 1
Acreage 17.000
Zoning I-2
Parking Spaces per unit
Investment Type Value Add
Occupancy Date 09/08/2024
Ground Lease Yes
Ceiling Height 16+
Loading Docks 1

Industrial | 4.42% CAP

Marketing description

For Sale: Multi-Tenant Industrial Property

This exceptional industrial property offers a prime investment opportunity with 11 buildings comprising 21 individual units. Situated on a sprawling 10+ acre lot, the property features ample space for operations and future expansion. Key highlights include a functional rail spur, allowing for efficient transportation and logistics, and an electronic billboard, providing additional revenue potential or promotional opportunities. Strategically located for industrial and commercial use, this property is ideal for investors seeking a versatile asset with strong growth potential in a thriving industrial corridor. Don’t miss out on this unique opportunity.

4o

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For Sale: Premier Multi-Tenant Industrial Property

Introducing a rare opportunity to own a high-performing multi-tenant industrial property, ideally suited for investors or owner-operators. This expansive industrial complex spans over 10+ acres of prime land, featuring 11 well-maintained buildings that house a total of 21 individual units, offering flexibility for a diverse range of tenants and industries.

Property Features:

  • 11 Buildings: A mix of industrial and commercial buildings, designed to accommodate various types of businesses, from manufacturing and distribution to warehousing and office spaces.

  • 21 Units: The 21 individual units provide a solid income stream with the potential for stable cash flow. Each unit offers varying sizes and configurations, making them suitable for multiple tenant profiles.

  • 10+ Acres of Land: The property boasts an expansive lot, offering room for potential future development, outdoor storage, or the ability to accommodate heavy equipment and large vehicles.

  • Rail Spur: A key feature of this property is the dedicated rail spur, enabling efficient transportation and logistics solutions directly on-site. This adds tremendous value for tenants in the manufacturing, shipping, or distribution industries.

  • Electronic Billboard: The property also includes an electronic billboard, which can serve as a prime advertising asset, generating additional revenue through leasing for advertisements or promotions. This unique feature sets this property apart from others in the market.

  • Ample Parking and Loading Areas: The large lot allows for abundant parking and loading docks, ensuring ease of access for tenants and their clients. The property is designed to handle high traffic and large delivery vehicles.

Location:

Strategically located in a high-demand industrial area, this property offers excellent connectivity to major highways, shipping routes, and urban centers. The rail spur enhances accessibility, making it ideal for businesses that rely on regional or national distribution networks.

Investment Potential:

This multi-tenant industrial complex represents a highly versatile investment with stable tenancy and long-term growth potential. The diverse mix of units, ample land, and unique features such as the rail spur and electronic billboard make this an attractive opportunity for investors looking to expand their industrial portfolio or for businesses seeking a well-positioned property for long-term use.

Whether you are looking to capitalize on the property's income-generating potential or seeking a strategic location for your own operations, this industrial property offers the perfect balance of flexibility, scale, and profitability.

Don't miss this rare opportunity to own a one-of-a-kind industrial property with immense potential! Contact us today for more information or to schedule a viewing.

4o

Listing Contacts

BM
WY WY 4899
HomeSmart Realty Group
Listed by HomeSmart Realty Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$276,339.00
$23,028.25/mo

Valuation Metrics

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DSCR
4.42%
Cap Rate
4.42%
ROI

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Additional Information

Name
Brian Marincic, CCIM
License
WY 4899
Brokerage
HomeSmart Realty Group
Brokerage Phone
307-371-3308
Title
WY
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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