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Main Place 234 N Main St 22,612 SF 100% Leased Office Building Gunnison, CO 81230 $3,140,820 CAD ($138.90 CAD/SF) 4.38% Cap Rate
INVESTMENT HIGHLIGHTS
- High visibility and foot traffic
- Priced well below replacement cost
- 100% occupancy with strong tenant mix of national, government, nonprofit, and professional tenants
EXECUTIVE SUMMARY
Situated in the heart of Gunnison's central business district, the Main Place enjoys an unbeatable location with high visibility and exceptional walking traffic. Currently, the building boasts 100% occupancy with two national tenants, two government offices, a local nonprofit organization, and several tenants with a tenure of 10 or more years including a law practice, medical office, and bookkeeping service. With retail frontage on both Main Street and Georgia Avenue, patrons can park and enteron both sides of the building. Constructed in 1980, this brick building is one of the newer additions to Main Street and offers an elevator for easy access to all three floors. Each floor has two restrooms along with attractive common spaces, including a large atrium on the second floor with unique, pyramid-shaped skylights. Most units are offered as suites; while some units have been divided with individual rooms rented by separate tenants. A new owner will enjoy the ultimate flexibility in unit configuration to meet tenants' needs.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
22,612 SF
Building Class
C
Year Built
1980
Price
$3,140,820 CAD
Price Per SF
$138.90 CAD
Cap Rate
4.38%
NOI
$137,596 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,537 SF
Building FAR
2.88
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
Central Business District - Established to provide for the business and civic functions that make up the city core. Contains a mix of business, commercial and residential uses.
AMENITIES
- Atrium
- Property Manager on Site
- Common Parts WC Facilities
- Fully Carpeted
- Wi-Fi
- Air Conditioning
Walk Score®
Very Walkable (83)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | R001586 | Improvements Assessment | $589,369 CAD |
| Land Assessment | $71,943 CAD | Total Assessment | $661,311 CAD |
PROPERTY TAXES
Parcel Number
R001586
Land Assessment
$71,943 CAD
Improvements Assessment
$589,369 CAD
Total Assessment
$661,311 CAD
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Main Place | 234 N Main St
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