617 6Th St Greeley, CO 80631

16,128 SF 1.69 ac lot Built 1966

Individually Owned 3-yr Hold ~ Est. High Equity

Property ID

US13-0912691

$5,000,000 16,128 SF

617 6Th St, Greeley, CO 80631
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This exceptional Greeley, CO industrial property presents a compelling investment opportunity. The portfolio comprises three buildings totaling 36,897 square feet of net rentable space on a 73,616 square foot lot, zoned I-M. The buildings, constructed between 1892 and 1982 with renovations in 1982, feature a mix of warehouse and refrigerated cold storage space. Building features include 6 loading docks, 4 dock-high doors, and ceiling heights reaching 23 feet. Currently, two tenants occupy the space under a net lease agreement with annual 3% rent bumps. Tenant 1 leases 8,784 square feet on a month-to-month basis, while Tenant 2 occupies 20,147.14 square feet until February 28, 2026, then 18,334 square feet. Approximately 7,965.86 square feet is available for owner-occupancy, offering significant flexibility. The property boasts 25 parking spaces and benefits from a strong pro-forma cap rate of 7.18% and NOI of $287,333. The asking price is $4,000,000, representing a price per square foot of $108.41 and a price per unit of $1,333,333.33. The property is ideally suited for a 1031 exchange. The current lease term is 1.3 years, commencing November 1, 2024. The property includes 1,000 AMP 3-phase power. Three water wells are permitted on the site, although two are abandoned and one is inactive.