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109 AABC 500, Aspen, CO 81611

$3,900,000
Property Type: Commercial Sale Square Footage: 6,943 Lot Size (sq. ft.): 16,620 Status: Closed
Current Price: $3,900,000 List Date: 11/21/2018 Last Modified: 9/05/2024

Overview

Description

Rare investment opportunity at the Airport Business Center which includes the land, not on a land lease. The building sits on a 16,620 SF lot complete with 26 parking spaces and great hwy 82 frontage. CURRENT TENANT IS STAYING AND COMMITTING TO A 5 YEAR LEASE WITH A 5 YEAR OPTION. Net operating income of $240,000 in year one with 3% maximum annual increases, expenses paid by Tenant (NNN-taxes, insurance, CAMs (excluding HVAC and structure). Original Aspen train station which was relocated in the late 70s and has since been remodeled down to the studs with a new electrical and HVAC system (property has no historical designation).

Listing Details MLS# 156881

Location Info

Type
Commercial
Major Area
Aspen
Area
01-West Aspen
Asking Price
4275000
Original List Price
4275000
Street #
109
Street Name
AABC 500
City/Town
Aspen
State/Province
CO
Postal Code
81611

Keywords Info

Total Building SqFt
5,001 - 10,001
Association Dues
No

Listing Info

Short Sale
No
REO
No
Auction
No
In Foreclosure
No
Member Association
Aspen Association

General Info

Sub/Loc
Aspen Airport Business Center
County
Pitkin
Legal
AABC BLk 5 Lot 1 Filing 1
Zoning
B2
Lot SqFt
16620
Nbr of Acres
0.15
Total SqFt
6943
Parcel #
264334405051
Year Built
1979
Year Remodeled
1990
Directions
Heading out of Aspen take the first entrance into the AABC. Stay left and property is immediately on your right.

Financing Info

Metro Tax District
No
Taxes
21681.2
Tax Year
2017
Transfer Tax
No

Status Change Info

Under Contract Date
2019-05-17
Proposed Close Date
2019-06-14
Sold Date
2019-06-14
Sold Price Per/SF
561.72
How Sold
Cash

More Information

Remarks

Public Remarks
Rare investment opportunity at the Airport Business Center which includes the land, not on a land lease. The building sits on a 16,620 SF lot complete with 26 parking spaces and great hwy 82 frontage. CURRENT TENANT IS STAYING AND COMMITTING TO A 5 YEAR LEASE WITH A 5 YEAR OPTION. Net operating income of $240,000 in year one with 3% maximum annual increases, expenses paid by Tenant (NNN-taxes, insurance, CAMs (excluding HVAC and structure). Original Aspen train station which was relocated in the late 70s and has since been remodeled down to the studs with a new electrical and HVAC system (property has no historical designation).

Property Features

Allowable Uses: Income; Industrial - Light; Mixed Use; Office; Retail; Warehouse Current Use: Income; Light Industrial; Office Building; Professional Service; Retail Store; Warehouse Construction: Concrete; Frame Roof: Membrane; Metal Condition: Good Electric: Yes Gas: Natural Gas Water: Public Sanitation: Sewer Tenant Pays: Annual Escalation; Building Insurance; Deposit; Electricity; Exterior Maintenance; Gas; Interior Maintenance; Property Taxes; Sewer; Site Maintenance; Trash Collection; Water Parking: 21 + Spaces Access: Paved Extras: Fire Alarm; Fire Sprinkler Sys; High Speed Available; Kitchen Area; Landscaped; Restrooms; Security System; Smoke Detectors; Storage Amenities: Bus/Shuttle Service Location Amenities: Corner Lot; High Traffic Loc; High Visibility; Highway Access; Intersection; View Occupant: Owner Occupied; 3 - 5 Years; Option to Renew Water Rights: No Mineral Rights: No Terms Offered: Cash Sign: No Possession: Subject to Lease

Documents

IDX
Listing Office: Christie's International Real Estate Aspen Snowmass
Source MLS Verified
Last Updated: September - 05 - 2024
Broker Attribution: (970) 544-5800
Copyright 2020 by Aspen/Glenwood Springs MLS, Inc. ALL RIGHTS RESERVED WORLDWIDE No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Aspen/Glenwood Springs MLS, Inc.
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