109 AABC 500, Aspen, CO 81611 (MLS# 156881) -

109 AABC 500, Aspen, CO 81611

$3,900,000

Property Type: Commercial Sale Square Footage: 6,943 Lot Size (sq. ft.): 16,620 Status: Closed

Current Price: $3,900,000 List Date: 11/21/2018 Last Modified: 9/05/2024

Overview

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).

Listing Details MLS# 156881

Location Info

Type: Commercial
Major Area: Aspen
Area: 01-West Aspen
Asking Price: 4275000
Original List Price: 4275000
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

Listing Info

Short Sale: No
REO: No
Auction: No
In Foreclosure: No
Member Association: Aspen Association

General Info

Sub/Loc: 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
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
HOA Dues: 0

Status Change Info

Under Contract Date: 2019-05-17
Proposed Close Date: 2019-06-14
Sold Date: 2019-06-14
Sold Price Per/SF: 561.72
How Sold: Cash

More Information

Remarks

Public Remarks: 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).

Allowable Uses

Income: Yes
Industrial - Light: Yes
Mixed Use: Yes
Office: Yes
Retail: Yes
Warehouse: Yes

Current Use

Income: Yes
Light Industrial: Yes
Office Building: Yes
Professional Service: Yes
Retail Store: Yes
Warehouse: Yes

Construction

Concrete: Yes
Frame: Yes

Access

Paved: Yes

Electric

Yes: Yes

Condition

Good: Yes

Basement/Substructure

Crawl Space: Yes
Finished: Yes
Slab: Yes

Gas

Natural Gas: Yes

Roof

Membrane: Yes
Metal: Yes

Water

Public: Yes

Sanitation

Sewer: Yes

Water Rights

No: Yes

Extras

Fire Alarm: Yes
Fire Sprinkler Sys: Yes
High Speed Available: Yes
Kitchen Area: Yes
Landscaped: Yes
Restrooms: Yes
Security System: Yes
Smoke Detectors: Yes
Storage: Yes

Heating/Cooling

Forced Air: Yes

Location Amenities

Corner Lot: Yes
High Traffic Loc: Yes
High Visibility: Yes
Highway Access: Yes
Intersection: Yes
View: Yes

Mineral Rights

No: Yes

Parking

21 + Spaces: Yes

Occupant

Owner Occupied: Yes
3 - 5 Years: Yes
Option to Renew: Yes

Tenant Pays

Annual Escalation: Yes
Building Insurance: Yes
Deposit: Yes
Electricity: Yes
Exterior Maintenance: Yes
Gas: Yes
Interior Maintenance: Yes
Property Taxes: Yes
Sewer: Yes
Site Maintenance: Yes
Trash Collection: Yes
Water: Yes

Terms Offered

Cash: Yes

Possession

Subject to Lease: Yes

Sign

No: Yes

Amenities

Bus/Shuttle Service: Yes

Property Features

Allowable Uses: Income; Industrial - Light; Mixed Use; Office; Retail; Warehouse Current Use: Income; Light Industrial; Office Building; Professional Service; Retail Store; Warehouse Construction: Concrete; Frame Roof: Membrane; Metal Condition: Good Electric: Yes Gas: Natural Gas Water: Public Sanitation: Sewer Tenant Pays: Annual Escalation; Building Insurance; Deposit; Electricity; Exterior Maintenance; Gas; Interior Maintenance; Property Taxes; Sewer; Site Maintenance; Trash Collection; Water Parking: 21 + Spaces Access: Paved Extras: Fire Alarm; Fire Sprinkler Sys; High Speed Available; Kitchen Area; Landscaped; Restrooms; 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

Documents

Floor Plans ›

GIS Map with Parcel Overlay ›

Old Survey ›

Square Footage Report ›

Listing Office: Christie's International Real Estate Aspen Snowmass

Last Updated: September - 05 - 2024

Broker Attribution: (970) 544-5800

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