Mountain View Plaza | 22869 US Highway 6
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Mountain View Plaza 22869 US Highway 6
21,632 SF 100% Leased Retail Building Keystone, CO 80435 £6,266,400 (£290/SF) 6.83% Net Initial Yield
Investment Highlights
- 100% leased
Executive Summary
Mountain View Plaza is located in Keystone, Colorado. It is approximately 21,031 square feet. The strip center is situated on approximately 2.74 Acres. This property's improvements consist of two buildings. The main building consisting of approximately19,659 square feet and the “Tower Building" of approximately 1,372 square feet. The improvements were constructed in 1982. The property is 100% leased by ten tenants. The average in place rents are $22.65 NNN compared to $40-$60 NNN in the rest of the market. The property has maintained a high-level of occupancy for the past few years and boasts national tenants such as Subway and Verizon Wireless. The subject property features unique design qualities such as large windows with natural light, covered breeze way, underground parking (currently used for storage). In addition, the Mexican restaurant, Dos Locos, has a beautiful outdoor seating area and fantastic mountain views. Mountain View Plaza provides the astute investor a quality, stabilized asset as well as significant upside in rents. This property is a once in a lifetime opportunity to own in own an investment in one of Colorado’s most renowned ski towns.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
21,632 SF
Building Class
A
Year Built
1982
Price
£6,266,400
Price Per SF
£290
Net Initial Yield
6.83%
NOI
£427,995
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.18
Lot Size
2.74 AC
Zoning
CPUD - CPUD
Parking
134 Spaces (7.93 Spaces per 1,000 SF Leased)
Frontage
726 ft on Us Hwy 6
PROPERTY TAXES
Parcel Number | 6506070 | Improvements Assessment | £45,000 |
Land Assessment | £0 | Total Assessment | £45,000 |
PROPERTY TAXES
Parcel Number
6506070
Land Assessment
£0
Improvements Assessment
£45,000
Total Assessment
£45,000
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Mountain View Plaza | 22869 US Highway 6
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