2700 Gilstrap Court, Glenwood Springs, CO 81601
$5,250,000
Property Type:
Commercial Sale
Square Footage:
23,131
Lot Size (sq. ft.):
37,528
Status:
Closed
Current Price:
$5,000,000
List Date:
12/06/2021
Last Modified:
3/02/2022
Description
Incredible investment opportunity to purchase Glenwood Springs best Office building. Building is 95% leased with 7 top tier tenants. Average expiration date of 2026. 17,320 sf above grade + 5,811 sf below grade. 46 car parking lot. Current CAP Rate =6.4% with current leases and capitol replacement fund. New roof in 2020 and HVAC controls update in 2018. Heating/cooling cost less than Energy Star standards. Building is condominiumized, but we are selling the entire building.
More Information MLS# 173009
Location Info
Current Price: $5,000,000
Type: Commercial
Major Area: Glenwood Springs
Area: 09-West of Glenwood
Asking Price: 5250000
Original List Price: 5250000
Street #: 2700
Street Name: Gilstrap
Street Suffix: Court
City/Town: Glenwood Springs
State/Province: CO
Postal Code: 81601
Keywords Info
Total Building SqFt: 10,001 - 20,000
Association Dues: No
Payment Per: Year
Listing Info
Listing Date: 2021-12-06
Short Sale: No
REO: No
Auction: No
Foreclosure: No
Member Association: Glenwood Association
General Info
Sub/Loc: None
County: Garfield
Legal: Section: 6 Township: 6 Range: 89 Subdivision: RIVERSIDE PROFESSIONAL BUILDING
Zoning: commercial
Lot SqFt: 37528
Nbr of Acres: 0.86
Levels: 4
Total SqFt: 23131
Ceiling Height: 110
Parcel #: 218506438001
Year Built: 2003
Directions: Midland Avenue roundabout between Co River & I-70 - Exit Gilstrap Ct. head west 1/4 mile between Quality Inn & Audi Dealership
Financing Info
Metro Tax District: No
Taxes: 50753
Tax Year: 2021
Transfer Tax: No
Status Change Info
Status: Closed
Under Contract Date: 2021-12-18
Proposed Close Date: 2022-02-18
Sold Date: 2022-02-18
Sold Price: $5,000,000
Sold Price Per/SF: 216.16
How Sold: Conventional Fixed
Remarks
Public Remarks: Incredible investment opportunity to purchase Glenwood Springs best Office building. Building is 95% leased with 7 top tier tenants. Average expiration date of 2026. 17,320 sf above grade + 5,811 sf below grade. 46 car parking lot. Current CAP Rate =6.4% with current leases and capitol replacement fund. New roof in 2020 and HVAC controls update in 2018. Heating/cooling cost less than Energy Star standards. Building is condominiumized, but we are selling the entire building.
Property Features
Construction: Steel/Metal
Condominiumized: Yes
Roof: Membrane
Heating/Cooling: Central AC; Central Heating
Green Features: Energy Survey Compl
Site Plan ›Listing Office: Sadler Real Estate, Inc.
Last Updated: March - 02 - 2022
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Broker Attribution:
(970) 948-0900
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