Description
This is a rare opportunity to purchase a highly visible and versatile commercial office building spanning one full city block in the core of Cheyenne, Wyoming. This property presents a chance for investors and/or user occupants seeking a premium location with quality tenants and turnkey operation. With its prime location near the County complex, impressive size, and endless possibilities, this commercial building is truly a gem. Two floors (~9,855 square feet total) are currently vacant for room for a user to occupy a portion of the building if desired. Investors take note, the seller is willing to provide a 2 year rent guarantee on current vacant space. Priced at a ~7% cap rate with rent guarantee. Most of the in-place leases have 3% escalations.
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0BEDS
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1.7ACRES
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0BATHS
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01/2 BATHS
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74,476SQFT
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$132$/SQFT
School Ratings & Info
Description
This is a rare opportunity to purchase a highly visible and versatile commercial office building spanning one full city block in the core of Cheyenne, Wyoming. This property presents a chance for investors and/or user occupants seeking a premium location with quality tenants and turnkey operation. With its prime location near the County complex, impressive size, and endless possibilities, this commercial building is truly a gem. Two floors (~9,855 square feet total) are currently vacant for room for a user to occupy a portion of the building if desired. Investors take note, the seller is willing to provide a 2 year rent guarantee on current vacant space. Priced at a ~7% cap rate with rent guarantee. Most of the in-place leases have 3% escalations.
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Data last updated: 2023-09-21T23:52:19.053.