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Office

50 Shoshone Ave

50 Shoshone Ave, Green River, WY 82935

Listing Price: $445,000

Cap Rate
8.67%
Gross SF
4,748
Rentable SF
4,748
Price/Gross SF
$93.72
Lot Size
0.28 acres
Year Built
1992

Investment Overview

Marcus & Millichap is pleased to bring to market 50 Shoshone Avenue, a fully occupied, multi-tenant office building located in Green River, WY. The 4,748 rentable square foot building is leased to three different tenants: the Mine Health and Safety Administration (50% of RSF), First American Title (25% of RSF), and Mindy Tollefson (25% of RSF). Mine Health and Safety currently have four years remaining on their lease, which includes a CPI-tied operating cost reimbursement. First American and Mindy Tollefson both recently executed lease renewals on their respective spaces for five years each. Both of their leases include 3% annual bumps. This property presents an ideal opportunity for a cashflow-minded investor looking for credit tenants. The Mine Safety and Health Administration (MSHA) is an agency of the United States Department of Labor which administers the provisions of the Federal Mine Safety and Health Act of 1977 to enforce compliance with mandatory safety and health standards. First American Title is a publicly traded title insurance company, and Mindy Tollefson operates a professional counseling services business.

Investment Highlights

  • Multi-tenant, Government Leased (GSA) Investment Opportunity
  • Two out of Three Tenants Recently Executed Five Year Lease Renewals
  • Tax Free State- No State Income Tax in Wyoming
  • Strong Credit Tenants- Mine Health and Safety Admin (AA+) and First American Title (A)

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) WY: RE-16571

    Wyoming

Financing By

Listing Price: $445,000

Cap Rate
8.67%
Gross SF
4,748
Rentable SF
4,748
Price/Gross SF
$93.72
Lot Size
0.28 acres
Year Built
1992

Investment Highlights

  • Multi-tenant, Government Leased (GSA) Investment Opportunity
  • Two out of Three Tenants Recently Executed Five Year Lease Renewals
  • Tax Free State- No State Income Tax in Wyoming
  • Strong Credit Tenants- Mine Health and Safety Admin (AA+) and First American Title (A)

Investment Overview

Marcus & Millichap is pleased to bring to market 50 Shoshone Avenue, a fully occupied, multi-tenant office building located in Green River, WY. The 4,748 rentable square foot building is leased to three different tenants: the Mine Health and Safety Administration (50% of RSF), First American Title (25% of RSF), and Mindy Tollefson (25% of RSF). Mine Health and Safety currently have four years remaining on their lease, which includes a CPI-tied operating cost reimbursement. First American and Mindy Tollefson both recently executed lease renewals on their respective spaces for five years each. Both of their leases include 3% annual bumps. This property presents an ideal opportunity for a cashflow-minded investor looking for credit tenants. The Mine Safety and Health Administration (MSHA) is an agency of the United States Department of Labor which administers the provisions of the Federal Mine Safety and Health Act of 1977 to enforce compliance with mandatory safety and health standards. First American Title is a publicly traded title insurance company, and Mindy Tollefson operates a professional counseling services business.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): WY: RE-16571

    Wyoming

Financing By

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