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Office

Evergreen Forum Building

3560 Evergreen Pkwy, Evergreen, CO 80439

Listing Price: $1,600,000

Cap Rate
3.48%
Gross SF
10,164
Rentable SF
10,164
Price/Gross SF
$157.42
Lot Size
0.66 acres
Year Built
1976

Investment Overview

Smith Office Team of Marcus & Millichap is pleased to present the Evergreen Forum Building, a 10,164 gross square feet, Class B, office building located at 3560 Evergreen Parkway in Evergreen, Colorado. The building is a great opportunity for an owner-user. They could immediately move in and expand in the near future. The building is currently 6% vacant and one tenant (2%) is month-to-month. It has an approximate weighted average lease term of only 0.27 years. Over $120,000 in current rents would offset business and property expenses. Since 2018, renovations costs exceed $85,000. Renovations include exterior repairs, new exterior paint, new flooring, and new lighting. Additionally, the roof was replaced in 2010, and the parking lot was improved in 2016. The building is well-located in Evergreen. At least 25,000 cars see the building every day while driving on Highway 74, the main road in Evergreen. Highway 74 provides easy access to both I-70 and Morrison. The building is across the highway from the Evergreen USPS office and less than 10 minutes away from Downtown Evergreen, featuring many local shops and restaurants. The Evergreen Forum Building would well-serve an owner-user searching for a 10,000 SF, recently renovated, office building with rental revenue in the beautiful Colorado Foothills.

Investment Highlights

  • 10,164 SF, Class B, Office Building
  • Owner-User Opportunity
  • Immediate Occupancy Available
  • +$85,000 in Renovations Since 2018
  • Improved Parking Lot in 2016; New Roof in 2010
  • +$120,000 in Current Rents
  • Visible from Highway 74
  • Near Downtown Evergreen

Exclusively Listed By

Financing By

Office

Evergreen Forum Building

Listing Price: $1,600,000

Cap Rate
3.48%
Gross SF
10,164
Rentable SF
10,164
Price/Gross SF
$157.42
Lot Size
0.66 acres
Year Built
1976

Investment Highlights

  • 10,164 SF, Class B, Office Building
  • Owner-User Opportunity
  • Immediate Occupancy Available
  • +$85,000 in Renovations Since 2018
  • Improved Parking Lot in 2016; New Roof in 2010
  • +$120,000 in Current Rents
  • Visible from Highway 74
  • Near Downtown Evergreen

Investment Overview

Smith Office Team of Marcus & Millichap is pleased to present the Evergreen Forum Building, a 10,164 gross square feet, Class B, office building located at 3560 Evergreen Parkway in Evergreen, Colorado. The building is a great opportunity for an owner-user. They could immediately move in and expand in the near future. The building is currently 6% vacant and one tenant (2%) is month-to-month. It has an approximate weighted average lease term of only 0.27 years. Over $120,000 in current rents would offset business and property expenses. Since 2018, renovations costs exceed $85,000. Renovations include exterior repairs, new exterior paint, new flooring, and new lighting. Additionally, the roof was replaced in 2010, and the parking lot was improved in 2016. The building is well-located in Evergreen. At least 25,000 cars see the building every day while driving on Highway 74, the main road in Evergreen. Highway 74 provides easy access to both I-70 and Morrison. The building is across the highway from the Evergreen USPS office and less than 10 minutes away from Downtown Evergreen, featuring many local shops and restaurants. The Evergreen Forum Building would well-serve an owner-user searching for a 10,000 SF, recently renovated, office building with rental revenue in the beautiful Colorado Foothills.

Exclusively Listed By

Financing By

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