45,152 SF Warehouse | 6 AC | Multi Tenant Investment

3281 Wyoming State Highway 89, Evanston, WY

$3,500,000

Price

45,152 sqft

Building Size

6 acres

Lot Area

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Street
Map
Overview
Building Size
45,152 sqft
Lot Area
6 acres
Year Built
1982
Price Per Sqft
$77.52
Zoning
Industrial
Description

Peak Collective Real Estate with KW Commercial is pleased to present an owner-user or investment industrial park in Evanston, Wyoming, which is a remarkable opportunity for those looking to expand their business operations. Fantastic value add opportunity with under-market rents. 9,000 square feet available immediately for owner-user, along with most tenants on a month-to-month basis. Also, tenants are currently not being charged for yard space. Extra buildings could be built on access land. The industrial park comprises 10 separate units with a total of 45,152 square feet on a large 6-AC lot. About 0.5 miles from an electrical substation, and only about an hour's drive from Salt Lake City, UT. Located in a federal opportunity zone.

 Market rent proforma is $6/SF/NNN with potential net operating income (based on market lease rates) at $288,924. Seller financing is available! The loan amount would be $3,150,000 with a down payment of $350,000. Interest rate 7%. The loan amortization period of 20 years. Payment would be $24,422.

Highlights
  • Located in a Federal Opportunity Zone
  • 10 Units with Private Offices and Bathrooms
  • 0.5 miles from an Electrical Substation
  • 1 Hour Drive from Salt Lake City
Location
Gallery