257 Johnstown Center Dr Johnstown, CO 80534

Property Details for 257 Johnstown Center Dr

Year built

2005

Lot size

2.29 lot acres

Property size

27,856 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

R2807604

APU

R2807604

Description

This exceptional 27,856 square foot mixed-use property in Johnstown, Colorado, presents a compelling investment opportunity. Built in 2005, the Class B, two-story building boasts 100% occupancy and a strong pro-forma cap rate of 6.58%. The 24,378 square feet of net rentable space is currently home to 18 diverse businesses, including retail tenants such as two restaurants, a liquor store, café, hair and nail salons, dentists, massage therapy, and H&R Block. The upper level features 5,848 square feet of office space occupied by eight businesses. Located at 257 Johnstown Center Dr, Johnstown, CO 80534, on a 2.295-acre lot, the center offers 125 parking spaces (a 4.49:1,000 sq ft ratio). The property benefits from significant recent improvements, repositioning it as Johnstown's premier business center. The asking price is $5,800,000, translating to $208.21 per square foot. The property features built-in rent bumps and is situated in a rapidly growing area with convenient access to major transportation corridors including I-25, Hwy-60, and Hwy-34. This stabilized investment offers low maintenance and professional management, making it an easy-to-own asset with significant upside potential. The average leasable space size is 1,354 square feet, contributing to a diversified tenant base. Financial records show a pro-forma NOI of $381,387. The property is zoned for commercial use.

Location Insight

City

Johnstown

County

Weld

State

Colorado

Longitude

-104.907

Latitude

40.3336

CBSA code

24540

CBSA name

GREELEY, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments