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Executive Summary

Realtec Greeley is pleased to provide you the opportunity to purchase this investment or owner/user property. This redeveloped and renovated flex building in west Greeley. 61,924-sf is located on 8.145 acres. The property is 70% leased to Food Safety Net Services and CPS Distributors; both strong credit tenants with long term property commitments. The remaining vacant space is ready for tenant improvements and provides tremendous investor upside. Property has been fully renovated including completion of the tenant spaces, a new facade, parking lot, landscaping, and a new vestibule with elevator. Investment opportunity with upside for the vacant space
or perfect for an owner/user seeking additional investment income. This property also provides a rare fenced yard area in west Greeley.
Future second floor office tenant will have exclusive use of the new vestibule. The second floor is in core and shell condition. Fantastic mountain views from the second floor. The new vestibule creates a corporate headquarters image for the new users. There is ample parking for a future tenant with the potential to expand parking if needed. Please contact Broker for the full Offering details including financials.

Data Room Click Here to Access

Financial Summary (Pro Forma - 2024)

Annual Annual Per SF
Gross Rental Income $700,826 $10.99
Other Income - -
Vacancy Loss $69,731 $1.09
Effective Gross Income $631,095 $9.90
Taxes $78,763 $1.24
Operating Expenses $149,629 $2.35
Total Expenses $228,392 $3.58
Net Operating Income $402,703 $6.32

Financial Summary (Pro Forma - 2024)

Gross Rental Income
Annual $700,826
Annual Per SF $10.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual $69,731
Annual Per SF $1.09
Effective Gross Income
Annual $631,095
Annual Per SF $9.90
Taxes
Annual $78,763
Annual Per SF $1.24
Operating Expenses
Annual $149,629
Annual Per SF $2.35
Total Expenses
Annual $228,392
Annual Per SF $3.58
Net Operating Income
Annual $402,703
Annual Per SF $6.32

Property Facts

Price $6,900,000
Price Per SF $108.25
Sale Type Investment
Property Type Flex
Building Class B
Lot Size 8.80 AC
Rentable Building Area 63,741 SF
No. Stories 2
Year Built 1974
Parking Ratio 1.57/1,000 SF
Clear Ceiling Height 16’
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 4
Zoning C-3

Amenities

  • Fenced Lot

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Food Safety Net Services
  • Professional, Scientific, and Technical Services
  • 23,000 SF
  • $8.30
  • Single Net
  • Jun 2026
  • Retailer
  • 20,329 SF
  • $11.12
  • Triple Net
  • Nov 2030

Heritage Landscape Supply Group’s vision is to grow by forming a network of the best independent distributors to provide exceptional customer service while increasing their value as a trusted growth partner to top manufacturers in the industry. Their mission is to help our family of companies achieve new heights and provide opportunities for all employees to grow, thrive, and advance with the company for decades to come. Since its inception in 2018, the Heritage family of companies honors the rich history and legacy of its acquired companies, operating as a united family of independents to celebrate their collective journey.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Food Safety Net Services Professional, Scientific, and Technical Services 23,000 SF $8.30 Single Net Jun 2026
Retailer 20,329 SF $11.12 Triple Net Nov 2030

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 2nd Floor
  • 3,500-15,000 SF
  • Office
  • Shell Space
  • Now

$14-15/SF NNN

Space Size Space Use Build-Out Available
2nd Floor 3,500-15,000 SF Office Shell Space Now

2nd Floor

Size
3,500-15,000 SF
Space Use
Office
Build-Out
Shell Space
Available
Now

2nd Floor

Size 3,500-15,000 SF
Space Use Office
Build-Out Shell Space
Available Now

$14-15/SF NNN

Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
40/100
  • Listing ID: 29491358

  • Date on Market: 9/11/2023

  • Last Updated:

  • Address: 8750 W 20th St, Greeley, CO 80634

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