$750,000
$750,000
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15,200 SqFt
SOLD DATE : 05/21/2015
Key Details
Sold Price $750,000
Property Type Commercial
Sub Type Sale: Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 15,200 sqft
Subdivision Grant Avenue Commercial Center
MLS Listing ID 757921
Sold Date 05/21/15
HOA Y/N false
Abv Grd Liv Area 15,200
Originating Board IRES MLS
Year Built 2002
Annual Tax Amount $15,264
Lot Size 0.400 Acres
Acres 0.4
Property Description
Ideal fully leased, 7.18%Cap Rate, investment opportunity. Two buildings for a total of 19 units (15,200 SqFt). All units are 20' X 40' with 12'w X 14'h overhead door and man door. Power outside of each door. All units leased with a waiting list. Management in place or manage yourself. $74,376 gross income with $20,525.36 expenses (2014) for a net income of $53,850.64 for a 7.18% CAP rate return. $750,000 / 15,200SqFt = $49.32 PSF. CCA dues include CAM, insurance, utilities.
Location
State CO
County Larimer
Area Loveland/Berthoud
Zoning Industrial
Direction One block north of Hwy 402 on Grant Ave. on the corner of 12th Street S.W.
Interior
Heating None
Cooling None
Exterior
Roof Type Metal Deck
Building
Sewer No Water/Sewer
Water No Water/Sewer, City of Loveland
Structure Type Metal/Frame
New Construction false
Schools
School District Thompson R2-J
Others
Senior Community false
Tax ID R1619939
Special Listing Condition Private Owner
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