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Holly Reimagined 1457 Coffeen 101,000 SF Vacant Industrial Building Sheridan, WY 82801 $7,049,396 CAD ($69.80 CAD/SF) 7.73% Cap Rate

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INVESTMENT HIGHLIGHTS

  • One of the largest square foot facilities in the City of Sheridan available for a multi-use re-development.
  • Top floors provide amazing views of the Big Horn Mountains
  • Centrally located along one of Sheridan's business traffic corridors.

EXECUTIVE SUMMARY

The City of Sheridan continues to grow and diversify its economy. With this growth comes more creative mixed use development opportunity and the most economical way to achieve larger scale development is ''infill development''. This building was home to The Holly Sugar Factory building. The ''Sheridan Enterprise'' newspaper in 1915 regularly posted updates and announcements about the steel workers from Holly. This historic building provides over 100,000 SF of opportunity for any mix of uses. With an industrial structural frame, massive power supply and wide-open spaces, this centrally located campus can provide any investor with a blank slate opportunity. The opportunities are endless for this prime real estate campus.
This property provides immediate income with the current tenants which provides any investor with the opportunity to develop and lease the upper floors for a tremendous income property. The current NOI would support a 25% cash to debt ratio with typical financing.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access

Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $7,049,396 CAD
Price Per SF $69.80 CAD
Sale Type Investment or Owner User
Cap Rate 7.73%
Sale Conditions
Lease Option
  • Redevelopment Project
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Manufacturing
  • OfficeLoft Creative Space
  • Office Office Residential
Building Class B
Lot Size 2.45 AC
Rentable Building Area 101,000 SF
No. Stories 5
Year Built 1915
Zoning M1 - Industrial Zoning, centrally located in the heart of Sheridan. Perfect zoning to support a multi-use facility.

UTILITIES

  • Lighting
  • Gas - Natural
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-5684-35-4-00-054-33
Land Assessment
$96,741 CAD (2025)
Improvements Assessment
$546,631 CAD (2025)
Total Assessment
$643,373 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2022 Payable 2022
  • Listing ID: 27786698

  • Date on Market: 2023-02-18

  • Last Updated:

  • Address: 1457 Coffeen, Sheridan, WY 82801

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