406 S Galena Street, Aspen, CO 81611 (MLS# 170387)

406 S Galena Street, Aspen, CO 81611

$160

Property Type: Commercial Lease Status: Closed

Current Price: $160 List Date: 6/08/2021 Last Modified: 9/05/2024

Overview

Description

Prime street-level 719 SF retail space, currently vacant. Next to Belly Up & Polo Ralph Lauren, one block from the Gondola & skiing. Beautiful space with good windows, high ceilings, A/C, and a bathroom in the back. Available November 1, 2021. Base rent is $160 per SF = $9,587 per month plus approx $29 per SF for CAMs (taxes, insurance, utilities, maintenance, management, etc.) Total Gross rent is approx $11,325 per month. Percentage Rent is also required as a percentage of gross sales against the natural breakpoint.

Listing Details MLS# 170387

Location Info

Type: Leasehold
Major Area: Aspen
Area: 01-Central Core
Original List Price: 160
Street #: 406
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: 719
Ground Floor SqFt: 719
Asking Price: 160
Type of Lease: NNN
Upper Level SqFt: No
Sub-Grade SqFt: 0

Financing Info

Tax Year: 2020
Security Deposit: 22000
Security $Payable To: Landlord
Annual Tax P/SqFt: 0

Listing Info

Member Association: Aspen Association

General Info

Sub/Loc: Townsite of Aspen
County: Pitkin
Legal: Subdivision: INDEPENDENCE BUILDING Unit: 4
Zoning: CC
Under Construction: No
Business Name: Atlas Fine is relocating
Inventory: No
Parcel #: 273718248032
Year Built: 1889
Year Remodeled: 2020
Directions: Corner of Cooper Avenue and Galena Street on Galena Mall next to the entrance to the Independence Square Hotel.

Status Change Info

Under Contract Date: 2021-08-09
Proposed Leased Date: 2021-11-01
Sold Date: 2021-11-01
How Leased: Cash

More Information

Remarks

Public Remarks: Prime street-level 719 SF retail space, currently vacant. Next to Belly Up & Polo Ralph Lauren, one block from the Gondola & skiing. Beautiful space with good windows, high ceilings, A/C, and a bathroom in the back. Available November 1, 2021. Base rent is $160 per SF = $9,587 per month plus approx $29 per SF for CAMs (taxes, insurance, utilities, maintenance, management, etc.) Total Gross rent is approx $11,325 per month. Percentage Rent is also required as a percentage of gross sales against the natural breakpoint.

Allowable Uses

Retail: Yes

Current Use

Retail Store: Yes

Construction

Brick: Yes
Stone: Yes

Condominiumized

Yes: Yes

Electric

Yes: Yes

Condition

Excellent: Yes

Basement/Substructure

Finished: Yes

Roof

Membrane: Yes

Water

Public: Yes

Sanitation

Sewer: Yes

Extras

Handicap Access: Yes

Heating/Cooling

Central AC: Yes
Electric: Yes

Location Amenities

High Traffic Loc: Yes
High Visibility: Yes

Documents on File

Leases: Yes

Parking

Street Parking: Yes

Occupant

Tenant Occupied: Yes
1 Month to 1 Year: Yes

Disclosures

Excluded Tenant: 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
Trash Collection: Yes
Water: Yes

Owner Pays

Nothing: Yes
Structural Maint: Yes

Terms Offered

Cash: Yes

Possession

Negotiable: Yes

Expenses Include

Grounds Maintenance: Yes
Insurance: Yes
Management: Yes
Sewer: Yes
Snow Removal: Yes
Trash: Yes
Unit Electric: 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; Trash Collection; Water Owner Pays: Nothing; Structural Maint Parking: Street Parking Extras: Handicap Access Expenses Include: Grounds Maintenance; Insurance; Management; Sewer; Snow Removal; Trash; Unit Electric; Unit Heat; Water Location Amenities: High Traffic Loc; High Visibility Occupant: Tenant Occupied; 1 Month to 1 Year Disclosures: Excluded Tenant Documents on File: Leases Terms Offered: Cash Sign: No Possession: Negotiable

Documents

Floor Plan ›

Listing Office: Setterfield & Bright

Last Updated: September - 05 - 2024

Broker Attribution: (970) 920-1833

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