Wildwood Professional Office | 1836-1848 Vinewood Ln
Office Building | Pueblo CO 81005 | $999,999 | 7.29% Cap Rate
This property is Sold
The Wildwood Professional office is perfect for investors who want to be able to increase the value of a commercial income property. At an average annual rent of $10.32PSF, the property generates a decent income. However, an investor could easily increase the net operating income by improving the average rent rate to a modest $12.50PSF, which would increase the annual income by $44,799.50. There are tenants in the building currently paying over $15PSF which serves as proof that $12.50PSF is a realistic figure. Further, upon sale, the law office would consider signing a new lease for a fraction of the upper level which would allow the new owner to bring in more tenants.
You don’t have to go at it alone. If you’re reading this and wondering how the heck you’re going to lease up the space or improve the value of this building, do not worry — there are professionals standing by that are willing, ready, and able to help you improve the value of the Wildwood Professional Office. The growing demand for passive investments in the Pueblo market has resulted in more property management firms to choose from, offering the new owner of the Wildwood Office a chance to make this a very passive investment.
If you have been looking for a quality commercial building with significant upside, then the Wildwood Professional Office deserves your attention. The property currently generates $122,563. By improving the average rent rate by a mere $2PSF, you can realize generate $167,362.50 in gross income in your first year of ownership. If you’re ready to take control over a quality commercial income property and boost the value so you can continue to increase the value of your holdings, then do not wait — call me before this one gets away. Your legacy depends on it!
PS. Here’s what you get…
Professional Office Building at 7.42% Cap Rate
Property is strategically located in an emerging-market
You will realize significant gains over owners in neighboring markets
You can take advantage of seller financing on a 1st or 2nd note
You can boost the income over $44,799.50 in the first year!