1600 Pine Grove
About this property
High quality building with strong leases. Located near Central Park Plaza, UC Health and Barn Village, 1600 Pine Grove presents a compelling opportunity for the investor looking to secure a high quality asset with strong tenants. Anchored by the Yampa Valley Women's Clinic, which occupies the second floor, and Edward Jones on the first floor, the building has strong income and reliable tenants. An additional half of the first floor is currently rented as individual offices/suites, but may be consolidated for a single user or to provide space for a buyer seeking to own their own offices and the income from the other tenants. Designed by Joe Patrick Robbins, the building features large exterior porches and attractive finishes.The downstairs interior was recently remodeled, and the office/suite area features a kitchenette, restroom and several suites with sinks installed.The building is ADA compliant with an elevator servicing the second floor, and has a basement for storage and easy access to the mechanical systems.The spacious lot has views of the historic barn and Steamboat Ski Area, as well as having room for a potential building expansion. There is ample parking as well.All lease information included in the listing is believed to be correct but should be verified by the buyer. Leases available to qualified buyers on execution of a confidentiality agreement. CAP rate calculation is based on current rents and there is upside potential based on lease renewals and bringing the office/suites to full market rent.