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Holly Reimagined 1457 Coffeen 101,000 SF Vacant Industrial Building Sheridan, WY 82801 $5,050,000 ($50/SF) 7.73% Cap Rate
INVESTMENT HIGHLIGHTS
- One of the largest square foot facilities in the City of Sheridan available for a multi-use re-development.
- Top floors provide amazing views of the Big Horn Mountains
- Centrally located along one of Sheridan's business traffic corridors.
EXECUTIVE SUMMARY
The City of Sheridan continues to grow and diversify its economy. With this growth comes more creative mixed use development opportunity and the most economical way to achieve larger scale development is ''infill development''. This building was home to The Holly Sugar Factory building. The ''Sheridan Enterprise'' newspaper in 1915 regularly posted updates and announcements about the steel workers from Holly. This historic building provides over 100,000 SF of opportunity for any mix of uses. With an industrial structural frame, massive power supply and wide-open spaces, this centrally located campus can provide any investor with a blank slate opportunity. The opportunities are endless for this prime real estate campus.
This property provides immediate income with the current tenants which provides any investor with the opportunity to develop and lease the upper floors for a tremendous income property. The current NOI would support a 25% cash to debt ratio with typical financing.
This property provides immediate income with the current tenants which provides any investor with the opportunity to develop and lease the upper floors for a tremendous income property. The current NOI would support a 25% cash to debt ratio with typical financing.
DATA ROOM Click Here to Access
- Market Information
- Title and Insurance
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
UTILITIES
- Lighting
- Gas - Natural
- Water
- Sewer
- Heating
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PROPERTY TAXES
| Parcel Number | 03-5684-35-4-00-054-33 | Total Assessment | $460,895 (2025) |
| Land Assessment | $69,303 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $391,592 (2025) | Tax Year | 2022 Payable 2022 |
PROPERTY TAXES
Parcel Number
03-5684-35-4-00-054-33
Land Assessment
$69,303 (2025)
Improvements Assessment
$391,592 (2025)
Total Assessment
$460,895 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022 Payable 2022
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Holly Reimagined | 1457 Coffeen
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