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8750 W 20th St 61,924 SF Flex Building Greeley, CO 80634 $6,900,000 ($111.43/SF)
EXECUTIVE SUMMARY
Realtec Greeley is pleased to provide you the opportunity to purchase this investment or owner/user property. This redeveloped and renovated flex building in west Greeley. 61,924-sf is located on 8.145 acres. The property is 70% leased to Food Safety Net Services and CPS Distributors; both strong credit tenants with long term property commitments. The remaining vacant space is ready for tenant improvements and provides tremendous investor upside. Property has been fully renovated including completion of the tenant spaces, a new facade, parking lot, landscaping, and a new vestibule with elevator. Investment opportunity with upside for the vacant space
or perfect for an owner/user seeking additional investment income. This property also provides a rare fenced yard area in west Greeley.
Future second floor office tenant will have exclusive use of the new vestibule. The second floor is in core and shell condition. Fantastic mountain views from the second floor. The new vestibule creates a corporate headquarters image for the new users. There is ample parking for a future tenant with the potential to expand parking if needed. Please contact Broker for the full Offering details including financials.
or perfect for an owner/user seeking additional investment income. This property also provides a rare fenced yard area in west Greeley.
Future second floor office tenant will have exclusive use of the new vestibule. The second floor is in core and shell condition. Fantastic mountain views from the second floor. The new vestibule creates a corporate headquarters image for the new users. There is ample parking for a future tenant with the potential to expand parking if needed. Please contact Broker for the full Offering details including financials.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$700,826
|
$11.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$69,731
|
$1.13
|
| Effective Gross Income |
$631,095
|
$10.19
|
| Taxes |
$78,763
|
$1.27
|
| Operating Expenses |
$149,629
|
$2.42
|
| Total Expenses |
$228,392
|
$3.69
|
| Net Operating Income |
$402,703
|
$6.50
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $700,826 |
| Annual Per SF | $11.32 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $69,731 |
| Annual Per SF | $1.13 |
| Effective Gross Income | |
|---|---|
| Annual | $631,095 |
| Annual Per SF | $10.19 |
| Taxes | |
|---|---|
| Annual | $78,763 |
| Annual Per SF | $1.27 |
| Operating Expenses | |
|---|---|
| Annual | $149,629 |
| Annual Per SF | $2.42 |
| Total Expenses | |
|---|---|
| Annual | $228,392 |
| Annual Per SF | $3.69 |
| Net Operating Income | |
|---|---|
| Annual | $402,703 |
| Annual Per SF | $6.50 |
PROPERTY FACTS
| Price | $6,900,000 | No. Stories | 2 |
| Price Per SF | $111.43 | Year Built | 1974 |
| Sale Type | Investment | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 1.61/1,000 SF |
| Building Class | B | Clear Ceiling Height | 16’ |
| Lot Size | 8.80 AC | No. Dock-High Doors/Loading | 1 |
| Rentable Building Area | 61,924 SF | No. Drive In / Grade-Level Doors | 4 |
| Zoning | C-3 | ||
| Price | $6,900,000 |
| Price Per SF | $111.43 |
| Sale Type | Investment |
| Property Type | Flex |
| Building Class | B |
| Lot Size | 8.80 AC |
| Rentable Building Area | 61,924 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Tenancy | Single |
| Parking Ratio | 1.61/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | C-3 |
AMENITIES
- Fenced Lot
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Food Safety Net Services
- Professional, Scientific, and Technical Services
- 23,000 SF
- $8.30
- Single Net
- Jun 2026
-
- Retailer
- 20,329 SF
- $11.12
- Triple Net
- Nov 2030
Heritage Landscape Supply Group’s vision is to grow by forming a network of the best independent distributors to provide exceptional customer service while increasing their value as a trusted growth partner to top manufacturers in the industry. Their mission is to help our family of companies achieve new heights and provide opportunities for all employees to grow, thrive, and advance with the company for decades to come. Since its inception in 2018, the Heritage family of companies honors the rich history and legacy of its acquired companies, operating as a united family of independents to celebrate their collective journey.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Food Safety Net Services | Professional, Scientific, and Technical Services | 23,000 SF | $8.30 | Single Net | Jun 2026 | |
|
|
Retailer | 20,329 SF | $11.12 | Triple Net | Nov 2030 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
$14-15/SF NNN
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 3,500-15,000 SF | Office | Shell Space | Now |
2nd Floor
| Size |
| 3,500-15,000 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
2nd Floor
| Size | 3,500-15,000 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
$14-15/SF NNN
PROPERTY TAXES
| Parcel Number | R8960341 | Total Assessment | $1,591,260 |
| Land Assessment | $498,130 | Annual Taxes | $78,763 ($1.27/SF) |
| Improvements Assessment | $1,093,130 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R8960341
Land Assessment
$498,130
Improvements Assessment
$1,093,130
Total Assessment
$1,591,260
Annual Taxes
$78,763 ($1.27/SF)
Tax Year
2024
MAP
ADDITIONAL PHOTOS
Building Photo
Building Photo
Aerial