500 E Cooper Avenue, Aspen, CO 81611
$18,400,000
Property Type:
Commercial Sale
Square Footage:
9,698
Lot Size (sq. ft.):
3,978
Status:
Closed
Current Price:
$17,250,000
List Date:
2/02/2012
Last Modified:
1/27/2016
Description
110% location investment building with prime retail and office spaces. Corner of Cooper Avenue & Galena Street in the middle of Aspen's downtown commercial core. Fully leased. Tenants are Loro Piana, Paradise Bakery, PE 101, Capital Technologies, Brooke Peterson and Eagle Owl. Rare opportunity for an investor to own a stellar income property in downtown Aspen with excellent tenants, great cash flow and potential for upside.
More Information MLS# 124144
Location Info
Current Price: $17,250,000
Type: Commercial
Major Area: Aspen
Area: 01-Central Core
Asking Price: 18400000
Original List Price: 21000000
Street #: 500
Street Direction Pfx: E
Street Name: Cooper
Street Suffix: Avenue
City/Town: Aspen
State/Province: CO
Postal Code: 81611
Keywords Info
Total Building SqFt: 5,001 - 10,001
Association Dues: No
Listing Info
Listing Date: 2012-02-02
Short Sale: No
REO: No
Auction: No
Foreclosure: No
Member Association: Aspen Association
General Info
Sub/Loc: Townsite of Aspen
County: Pitkin
Legal: The Southerly 68 feet of Lot K & Lot L, excepting the Easterly 18 inches of Lot L, Block 95, City and Townsite of Aspen
Zoning: CC
Lot SqFt: 3978
Nbr of Acres: 0.09
Total SqFt: 9698
Business Name: Volk Plaza
Inventory: No
Parcel #: 273718224006
Year Built: 1986
Directions: NE corner of Galena Street and Cooper Avenue
Financing Info
Taxes: 74597
Tax Year: 2011
Transfer Tax: Yes
Status Change Info
Status: Closed
Under Contract Date: 2012-11-20
Proposed Close Date: 2012-12-27
Sold Date: 2012-12-28
Sold Price: $17,250,000
Sold Price Per/SF: 1778.72
How Sold: Cash
Remarks
Public Remarks: 110% location investment building with prime retail and office spaces. Corner of Cooper Avenue & Galena Street in the middle of Aspen's downtown commercial core. Fully leased. Tenants are Loro Piana, Paradise Bakery, PE 101, Capital Technologies, Brooke Peterson and Eagle Owl. Rare opportunity for an investor to own a stellar income property in downtown Aspen with excellent tenants, great cash flow and potential for upside.
Property Features
Allowable Uses: Income; Mixed Use; Office; Retail; Warehouse
Current Use: Income; Office Building; Restaurant; Retail Store; Warehouse
Construction: Brick; Frame; Stone
Condominiumized: No
Substructure: Finished Basement
Roof: Membrane; Other
Condition: Excellent
Heating/Cooling: Central AC; Electric
Electric: Yes
Gas: Natural Gas
Sanitation: Sewer
Tenant Pays: Annual Escalation; Building Insurance; Deposit; Electric; Exterior Maintenance; Gas; Interior Maintenance; Property Taxes; Sewer; Site Maintenance; Trash; Water
Owner Pays: Nothing
Parking: Street Parking; None
Access: Paved
Extras: Fire Alarm; Fire Sprinkler Sys; Landscaped; Management; Restrooms; Smoke Detectors
Expenses Include: Grounds Maintenance; Insurance; Management; Sewer; Snow Removal; Trash; Unit Electric; Unit Heat; Water
Location Amenities: Corner Lot; High Traffic Loc; High Visibility; View
Occupant: Tenant Occupied; 3 - 5 Years; Escalations; Multiple Leases
Documents on File: Appraisal; Financials; Leases
Terms Offered: Cash
Sign: Yes
Possession: Subject to Lease
Documents
Floor Plans ›Listing Office: Setterfield & Bright
Last Updated: January - 27 - 2016
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Broker Attribution:
(970) 920-1833
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