203 S Galena Street, Aspen, CO 81611 (MLS# 176432)

203 S Galena Street, Aspen, CO 81611

$175

Property Type: Commercial Lease Status: Closed

Current Price: $175 List Date: 8/11/2022 Last Modified: 9/06/2024

Overview

Description

Iconic street-presence and rarely available. This space is highly sought after because of its prime location in the historic Brand Building on Galena Street. With 4,076 SF on three levels (1,015 SF on the Upper-Level, 2,416 on the Street-Level, and 645 SF on the Lower-Level), high ceilings, lots of light, big windows, and so much more. This space is available for a long-term lease starting July 1, 2023. The overall blended NNN Base Rent is $175 per SF = $59,442 per month plus approx $42 per SF for CAMs (taxes, insurance, utilities, maintenance, management, etc.) Total Gross rent is approx $73,708 per month and tenant also pays its own separate electric meter for the space.

Listing Details MLS# 176432

Location Info

Type: Leasehold
Major Area: Aspen
Area: 01-Central Core
Original List Price: 175
Street #: 203
Street Direction Pfx: S
Street Name: Galena
Street Suffix: Street
City/Town: Aspen
State/Province: CO
Postal Code: 81611

Lease Info

Total Building SqFt: 0.00
Unit SqFt: 4076
Ground Floor SqFt: 2416
Upper Level SqFt: 1015
Sub-Grade SqFt: 645
Asking Price: 175
Type of Lease: NNN
Lease $ Amount: $10,300,000

Financing Info

Tax Year: 2021
Security Deposit: 150000
Security $Payable To: Landlord
Annual Tax P/SqFt: 0

Listing Info

SqFt Level: No
Seller/Owner is Licensed: No
Member Association: Aspen Association

General Info

Sub/Loc: Townsite of Aspen
County: Pitkin
Legal: BRAND BUILDING Units: 4 & 6
Zoning: CC
Under Construction: No
Business Name: Gucci is relocating
Inventory: No
Parcel #: 273707346006
Year Built: 1888
Year Remodeled: 2012
Directions: The Brand Building is on the corner of Galena Street and Hopkins Avenue and the space is between Dior and The Baldwin Gallery in downtown Aspen.

Status Change Info

Under Contract Date: 2022-12-23
Proposed Leased Date: 2023-11-01
Sold Date: 2023-11-01
How Leased: Cash

More Information

Remarks

Public Remarks: Iconic street-presence and rarely available. This space is highly sought after because of its prime location in the historic Brand Building on Galena Street. With 4,076 SF on three levels (1,015 SF on the Upper-Level, 2,416 on the Street-Level, and 645 SF on the Lower-Level), high ceilings, lots of light, big windows, and so much more. This space is available for a long-term lease starting July 1, 2023. The overall blended NNN Base Rent is $175 per SF = $59,442 per month plus approx $42 per SF for CAMs (taxes, insurance, utilities, maintenance, management, etc.) Total Gross rent is approx $73,708 per month and tenant also pays its own separate electric meter for the space.

Allowable Uses

Retail: Yes

Current Use

Retail Store: Yes

Construction

Brick: Yes
Stone: Yes

Access

Paved: Yes

Condominiumized

Yes: Yes

Electric

Yes: Yes

Condition

Excellent: Yes

Basement/Substructure

Finished: Yes

Roof

Membrane: Yes

Water

Public: Yes

Sanitation

Sewer: Yes

Extras

Storage: Yes

Heating/Cooling

Central AC: Yes
Forced Air: Yes

Location Amenities

Corner Lot: Yes
High Traffic Loc: Yes
High Visibility: Yes
View: Yes

Documents on File

Leases: Yes

Parking

Street Parking: Yes
None: Yes

Occupant

Tenant Occupied: Yes
1 Month to 1 Year: Yes

Tenant Pays

Annual Escalation: Yes
Association Fees: Yes
Building Insurance: Yes
Deposit: Yes
Electricity: Yes
Exterior Maintenance: Yes
Gas: Yes
Interior Maintenance: Yes
Property Taxes: Yes
Sewer: Yes
Site Maintenance: Yes
Trash Collection: Yes
Water: Yes

Owner Pays

Nothing: Yes
Structural Maint: Yes

Terms Offered

Cash: Yes

Possession

Negotiable: Yes

Expenses Include

Contingency Fund: Yes
Grounds Maintenance: Yes
Insurance: Yes
Management: Yes
Sewer: Yes
Snow Removal: Yes
Trash: Yes
Unit Heat: Yes
Water: Yes

Sign

No: Yes

Property Features

Allowable Uses: Retail Current Use: Retail Store Construction: Brick; Stone Condominiumized: Yes Roof: Membrane Condition: Excellent Electric: Yes Water: Public Sanitation: Sewer Tenant Pays: Annual Escalation; Association Fees; Building Insurance; Deposit; Electricity; Exterior Maintenance; Gas; Interior Maintenance; Property Taxes; Sewer; Site Maintenance; Trash Collection; Water Owner Pays: Nothing; Structural Maint Parking: Street Parking; None Access: Paved Extras: Storage Expenses Include: Contingency Fund; Grounds Maintenance; Insurance; Management; Sewer; Snow Removal; Trash; Unit Heat; Water Location Amenities: Corner Lot; High Traffic Loc; High Visibility; View Occupant: Tenant Occupied; 1 Month to 1 Year Documents on File: Leases Terms Offered: Cash Sign: No Possession: Negotiable

Documents

Floor Plan ›

Listing Office: Setterfield & Bright

Last Updated: September - 06 - 2024

Broker Attribution: (970) 920-1833

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