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The Greeley Building 710 11th Ave 48,205 SF 100% Leased Office Building Greeley, CO 80631 $9,515,987 CAD ($197.41 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Legacy Asset, premier location in downtown Greeley
- Located within the Opportunity Zone
- Long-term tenancy of Public Defenders
- On the National Register of Historic Places
- Recent Capital Improvements
EXECUTIVE SUMMARY
Unique and rare opportunity to acquire a Legacy Asset, located in the heart of downtown Greeley. The prominently located 48,205 SF office building is recognized by the National Register Historic Landmark and Buildings. The Greeley Building started as a High School at the turn of the century and has realized high occupancy for the entire
life of the building. In the 1980s, the building underwent a major renovation to convert the building from a school to office. Since the mid- 80’s, a local family has maintained this use and serviced a diversified tenant mix of executive suites and larger tenants, comprising of local government, non-profits, and private businesses such as attorneys, evolving to today with 81% occupied by Colorado State Public Defender’s offices.
Recent capital improvements in the building include boiler, parking lot, elevator, EPDM, fire alarm, LED lighting, HVAC mechanical upgrades, exterior window restoration and painting, brick restoration, and new sliding glass patio doors.
life of the building. In the 1980s, the building underwent a major renovation to convert the building from a school to office. Since the mid- 80’s, a local family has maintained this use and serviced a diversified tenant mix of executive suites and larger tenants, comprising of local government, non-profits, and private businesses such as attorneys, evolving to today with 81% occupied by Colorado State Public Defender’s offices.
Recent capital improvements in the building include boiler, parking lot, elevator, EPDM, fire alarm, LED lighting, HVAC mechanical upgrades, exterior window restoration and painting, brick restoration, and new sliding glass patio doors.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
48,205 SF
Building Class
B
Year Built/Renovated
1885/2025
Price
$9,515,987 CAD
Price Per SF
$197.41 CAD
Cap Rate
8%
NOI
$761,294 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
16,068 SF
Slab To Slab
12’
Building FAR
0.96
Lot Size
1.15 AC
Opportunity Zone
Yes
Parking
100 Spaces (2.07 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Colorado Public Defender
- Public Administration
- 30,468 SF
- -
- -
- -
- Law Offices Of Daniel R Rosen
- Retailer
- -
- -
- -
- -
- Northeast Health Partnes
- Health Care and Social Assistance
- 2,577 SF
- -
- -
- -
-
- Real Estate
- -
- -
- Full Service
- Nov 2010
- Weld Co Democratic Party
- Public Administration
- 439 SF
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Colorado Public Defender | Public Administration | 30,468 SF | - | - | - | |
| Law Offices Of Daniel R Rosen | Retailer | - | - | - | - | |
| Northeast Health Partnes | Health Care and Social Assistance | 2,577 SF | - | - | - | |
|
|
Real Estate | - | - | Full Service | Nov 2010 | |
| Weld Co Democratic Party | Public Administration | 439 SF | - | - | - |
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Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | R6768386 | Improvements Assessment | $2,168,634 CAD |
| Land Assessment | $152,184 CAD | Total Assessment | $2,320,818 CAD |
PROPERTY TAXES
Parcel Number
R6768386
Land Assessment
$152,184 CAD
Improvements Assessment
$2,168,634 CAD
Total Assessment
$2,320,818 CAD
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The Greeley Building | 710 11th Ave
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