
4645 W 18th Unit 500
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
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