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700 W Hwy 24
Woodland Park, CO 80863
Midland Junction · Retail Property For Sale
Executive Summary
VALUE ADD NET-LEASED INVESTMENT PROPERTY!!! 6.2% cap rate. Well below replacement cost. High end exterior and interior finishes. Second generation medical office and general office space. Multiple vaults. 6 parking spaces per 1,000 RSF.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,661 SF
Building Class
B
Year Built
2004
Price
$3,500,000
Price Per SF
$256.20
Cap Rate
6.20%
NOI
$217,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.28
Lot Size
1.14 AC
Zoning
WP
Parking
75 Spaces (5.49 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | R0028809 | Improvements Assessment | $535,783 |
| Land Assessment | $80,447 | Total Assessment | $616,230 |
Property Taxes
Parcel Number
R0028809
Land Assessment
$80,447
Improvements Assessment
$535,783
Total Assessment
$616,230
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