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24123955
24131954

1252 Commerce Dr, Laramie, WY 82070

AL
WY WY. RE-16571, CO CO. ER100091205 (+5)
Marcus & Millichap - Denver
BK
CO CO FA100045203
Marcus & Millichap - Denver
AT
CO 100087968
Marcus & Millichap - Denver
Listed by Marcus & Millichap - Denver
$4,950,000
352 days on market
Updated 3 days ago

1252 Commerce Dr - Laramie

Details
Property Type Industrial, Office
Sub Type Flex, Traditional Office
Square Footage 22,000
Units 1
Cap Rate 7.03%
NOI $348,000
Occupancy 100%
Tenancy Single
Lease Term 11
Lease Expiration 08/30/2034
Remaining Term 8.2
Rent Bumps Yes
Price per SqFt $225
Year Built 2004
Buildings 1
Stories 1
Acreage 5.000
Investment Type Net Lease
Lease Commencement 08/31/2023
Ownership Investment

Industrial | 7.03% CAP | 22,000 SqFt

Marketing description

The Kramer Group of Marcus & Millichap is pleased to present the Single Tenant Net-Lease Flex/Office investment opportunity located at 1252 Commerce Drive in Laramie, Wyoming. This versatile commercial property is currently occupied by Trihydro, a well-established national environmental and engineering firm. The property was originally built by principals of the tenant for their long-term home headquarters. The tenant has a long-established history in Laramie and recruits heavily from the University of Wyoming, located less than 10 minutes away. Trihydro is a 40+ year old company that now boasts more than 600 employees nationwide, with over 150 located at the subject property. The tenant has expressed a desire to avoid relocating and has the ability to expand and with its growth at the current location, highlighting the property’s ideal suitability for the tenant’s operational needs. The multi-use property includes both 22,000 square feet of office space and 900 square feet of warehouse space. The open floor plan is a perfect suit for their layout, with large cubicle areas, modular office/conference room facilities and executive offices. Additionally, the facility includes several operational upgrades including a ground-mounted transformer, a Generac emergency generator, a photovoltaic solar system to offset approximately 15-20% of their energy consumption, and a grade-level drive-in door that provides direct access to the warehouse. The property also sits in the Laramie River Business Park, home to several high-tech and growing businesses.

Considering the tenant’s operational demands tied closely to the site, and relocation requiring significant capital expenditure and time, the property offers exceptional security of income. As a result, the asset represents an ideal blend of income stability, tenant commitment, and value creation for an investor.

Investment highlights

  • Strong Long-Term Tenancy with Established Engineering Firm

  • 22,000 SF of Office Space and 900 SF of Warehouse Space

  • Mission-Critical Infrastructure Including Generator and Photovoltaic System

  • Tenant Expansion Plans Emphasize Commitment and Income Stability

Listing Contacts

AL
WY WY. RE-16571, CO CO. ER100091205 (+5)
Marcus & Millichap - Denver
BK
CO CO FA100045203
Marcus & Millichap - Denver
AT
CO 100087968
Marcus & Millichap - Denver
Listed by Marcus & Millichap - Denver

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$348,000.00
$29,000.00/mo

Valuation Metrics

0
DSCR
7.03%
Cap Rate
7.03%
ROI

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Additional Information

Name
Adam Lewis
License
WY RE-16571
Title
Broker of Record
Name
Adam Lewis
License
WY. RE-16571
Brokerage
Marcus & Millichap
Brokerage Phone
3033282000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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