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31090789
31090790

4645 W 18th St, Greeley, CO 80634 For Sale

NJ
CO FA100073889
Madison Commercial Properties Ltd
Listed by Madison Commercial Properties Ltd
$2,495,000
127 days on market
Updated 27 days ago

4645 W 18th Unit 500

Details
APN 095911351004
Property Type Office
Sub Type Traditional Office
Square Footage 12,202
Net Rentable (SqFt) 12,202
Cap Rate 9.07%
NOI $226,312
Occupancy 100%
Tenancy Single
Brand/Tenant GSA
Lease Type NN
Lease Expiration 12/31/2029
Remaining Term 3.5
Price per SqFt $204
Class C
Year Built 1993
Stories 1
Zoning C-1
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Occupancy Date 03/01/2008

Office Space Selling for $400k+ below appraised value! | +9% CAP | 12,202 SqFt

Marketing description

4645 West 18th Street Ste 500 presents a compelling opportunity to acquire a high-yield, government-backed office investment in the heart of Greeley, Colorado. This ±12,202 SF single-tenant office building is 100% occupied by the US General Services Administration, offering dependable income supported by a long-term lease through 12/31/2029.

Built in 1992, the property is the largest condo within the association and features a generous 75-space parking field with a strong 6.15 parking ratio. Positioned just north of 20th Street near Aims Community College and between two golf courses, the asset benefits from an established office setting with convenient access to surrounding amenities.

Investors will appreciate the property’s limited landlord responsibilities, solid in-place NOI of $226,312, and attractive 9.07% cap rate. Recent ownership invested approximately $500,000 into upgraded security systems, with reimbursement from the tenant underscoring long-term occupancy commitment. Offered at $2,495,000, this fully occupied asset is also priced approximately $430,000 below assessed value, creating an exceptional entry point into the growing Greeley market.

Investment highlights

Fully Occupied 9+ Cap Asset

Long term US Government Backed Tenant

Limited Landlord Responsibilities

Priced to Sell; $430k below assessed value

Landlord recently invested $500k into new security system and tenant is reimbursing the full expense

Listing Contacts

NJ
CO FA100073889
Madison Commercial Properties Ltd
Listed by Madison Commercial Properties Ltd

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$226,312.00
$18,859.33/mo

Valuation Metrics

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DSCR
9.07%
Cap Rate
9.07%
ROI

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