Absolute NNN Office
For Sale
$3,800,000
245 Storey Blvd, Cheyenne, WY 82009
2017 office building with extensive professional, conference, training, reception, and support areas.
Property Size9,636 SF
Price / SF$394.35
Days on Market147
Property Features for 245 Storey Blvd
General Information
Standard status
Active
Size
9,636 SF
Elevators
Yes
Property subtype
Commercial
Additional Details
Cap Rate
5.4%
Building Details
Year Built
2017
Tenancy
Single
Listing Agency:
#1 Properties
(307) 630-5161
Listed By:
Jim Weaver · License #10624
Source:
Cheyennehomesource
Added: Apr 7
Changed: Aug 30
Last Checked: Aug 30 at 2:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of #1 Properties
Investment Insights
Based on property information with market context.
Built in 2017, this 9,636-square-foot office property is arranged for professional operations, with 20 offices, six conference rooms, and a 700-square-foot training center. Additional improvements include a large break room, climate-controlled IT room, 750-square-foot reception area, and 275 square feet of storage. The building also provides a passenger elevator and ADA-compliant access throughout.
The property is subject to an absolute NNN lease with four years remaining on a five-year extension following the original seven-year lease term. The lease carries a 5.4% cap rate and a corporate guarantee from First American Title Insurance Company. Shared parking serves the building.
The property is subject to an absolute NNN lease with four years remaining on a five-year extension following the original seven-year lease term. The lease carries a 5.4% cap rate and a corporate guarantee from First American Title Insurance Company. Shared parking serves the building.
Key Highlights
- Absolute NNN lease with 4 years remaining on a 5 year extension
- 9,636 SF office building completed in 2017
- 20 professional offices and 6 conference rooms
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
Explore this area
Business Placement
Demographics for 82009, WY
35,700
Population
15,361
Households
2.3
Avg Household Size
44
Median Age
41%
College-Educated
96%
High-School Grad
1,277.8 sq mi
ZIP Area
28
Density / Sq Mi
$102,727
Median Household Income
$57,157
Median Earnings
$1,106
Median Rent
$415,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - 2017 office building with extensive professional, conference, training, reception, and support areas.
Where is this nnn property located?
The property is located at 245 Storey Blvd Cheyenne, WY.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Absolute NNN lease with 4 years remaining on a 5 year extension; 9,636 SF office building completed in 2017; 20 professional offices and 6 conference rooms
