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HOLLAND HILLS BUSINESS CENTER
24505 HWY 82, Basalt , CO
Price: $4,200,000
Legal Description: Holland Hills at Basalt Lot: 1, 2 and Lot 58
Land Area : 1.54 Acres
Year Built : 1974
Building Size: :
Heated Warehouse Street Level: 6250
Special Purpose Second Level: 2500
Office Basement: 2500
Total: 11250
FINANCIALS - Current
| Level 1 |
SF |
$/sf |
Annual Rent |
Term |
| 1 |
3018 |
$20 |
$59,424 |
9/30/08 |
| 2 |
1050 |
$11 |
$12,002 |
7/31/07 |
| 3 |
1008 |
$15 |
$15,120 |
Vacant |
| Level2 |
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| 2 |
4200 |
$17 |
$71,988 |
7/31/07 |
| 3 |
450 |
$14 |
$6,359 |
mm |
| 4 |
350 |
$25 |
$8,866 |
1/31/08 |
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10076 |
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$173,758 |
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| Storage Rental |
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$21,000 |
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$194,758 |
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FINANCIALS - Projected
| Level 1 |
SF |
$/sf |
Annual Rent |
| 1 |
3018 |
$25 |
$75,450 |
| 2 |
1050 |
$20 |
$21,000 |
| 3 |
1008 |
$15 |
$15,120 |
| Level2 |
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| 2 |
4200 |
$20 |
$84,000 |
| 3 |
450 |
$20 |
$9,000 |
| 4 |
350 |
$25 |
$8,750 |
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10076 |
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$213,320 |
| Vallue with current rents at 5.5% CAP |
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$3,541,053 |
| Vacant Lot development potential |
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$800,000 |
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$4,341,053 |
Expenses:
Taxes: $20,000
Ins:
$4,500
Util: $8,500
Click here for brochure with floorplans
For more information click here |
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Roaring Media