109 Aabc 500

Aspen, CO 81611 / Aspen Airport Business Center

MLS ID# 156881 Closed
Commercial

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Closed $3,900,000

0.15 acres

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• Description
• Location Info
• Keywords Info
• Listing Info
• General Info
• Financing Info
• Details

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). 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 ... show more

Location Info

• Type Commercial
• Major Area Aspen
• Area 01-West Aspen
• 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
• Payment Per Unknown

Listing Info

• TB% 2.5
• BB% 2.5
• Variable Comm False
• Flat Fee No
• Short Sale No
• REO No
• Auction No
• Agency Excl Right to Sell
• Foreclosure No
• Member Association Aspen Association
• Deeds Special Warranty

General Info

• SubLoc 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
• Account # R004080
• 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
• Earnest $/% 5%
• Earnest $ Payable To TBD

Details

• Allowable Uses

  Income, Industrial - Light, Mixed Use, Office, Retail, Warehouse

• Current Use

  Income, Light Industrial, Office Building, Professional Service, Retail Store, Warehouse

• Construction

  Frame, Poured Concrete

• Substructure

  Crawl Space, Finished Basement, Slab

• Roof

  Membrane, Metal

• Condition

  Good

• Heating/Cooling

  Forced Air

• Electric

  Yes

• Gas

  Natural Gas

• Water

  City

• Sanitation

  Sewer

• Tenant Pays

  Annual Escalation, Building Insurance, Deposit, Electric, Exterior Maintenance, Gas, Interior Maintenance, Property Taxes, Sewer, Site Maintenance, Trash, Water

• Parking

  21 + Spaces

• Access

  Paved

• Extras

  Fire Alarm, Fire Sprinkler Sys, High Speed Available, Kitchen Area, Landscaped, 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