500 E Cooper Avenue, Aspen, CO 81611 (MLS# 124144) -

500 E Cooper Avenue, Aspen, CO 81611

$17,250,000

Property Type: Commercial Sale Square Footage: 9,698 Lot Size (sq. ft.): 3,978 Status: Closed

Current Price: $17,250,000 List Date: 2/02/2012 Last Modified: 9/05/2024

Overview

Description

110% location investment building with prime retail and office spaces. Corner of Cooper Avenue & Galena Street in the middle of Aspen's downtown commercial core. Fully leased. Tenants are Loro Piana, Paradise Bakery, PE 101, Capital Technologies, Brooke Peterson and Eagle Owl. Rare opportunity for an investor to own a stellar income property in downtown Aspen with excellent tenants, great cash flow and potential for upside.

Listing Details MLS# 124144

Location Info

Type: Commercial
Major Area: Aspen
Area: 01-Central Core
Asking Price: 18400000
Original List Price: 21000000
Street #: 500
Street Direction Pfx: E
Street Name: Cooper
Street Suffix: Avenue
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: Townsite of Aspen
County: Pitkin
Legal: The Southerly 68 feet of Lot K & Lot L, excepting the Easterly 18 inches of Lot L, Block 95, City and Townsite of Aspen
Zoning: CC
Lot SqFt: 3978
Nbr of Acres: 0.09
Total SqFt: 9698
Business Name: Volk Plaza
Inventory: No
Parcel #: 273718224006
Year Built: 1986
Directions: NE corner of Galena Street and Cooper Avenue

Financing Info

Taxes: 74597
Tax Year: 2011
Transfer Tax: Yes
HOA Dues: 0

Status Change Info

Under Contract Date: 2012-11-20
Proposed Close Date: 2012-12-27
Sold Date: 2012-12-28
Sold Price Per/SF: 1778.72
How Sold: Cash

More Information

Remarks

Public Remarks: 110% location investment building with prime retail and office spaces. Corner of Cooper Avenue & Galena Street in the middle of Aspen's downtown commercial core. Fully leased. Tenants are Loro Piana, Paradise Bakery, PE 101, Capital Technologies, Brooke Peterson and Eagle Owl. Rare opportunity for an investor to own a stellar income property in downtown Aspen with excellent tenants, great cash flow and potential for upside.

Allowable Uses

Income: Yes
Mixed Use: Yes
Office: Yes
Retail: Yes
Warehouse: Yes

Current Use

Income: Yes
Office Building: Yes
Restaurant: Yes
Retail Store: Yes
Warehouse: Yes

Construction

Brick: Yes
Frame: Yes
Stone: Yes

Access

Paved: Yes

Condominiumized

No: Yes

Electric

Yes: Yes

Condition

Excellent: Yes

Basement/Substructure

Finished: Yes

Gas

Natural Gas: Yes

Roof

Membrane: Yes
Other: Yes

Water

Public: Yes

Sanitation

Sewer: Yes

Extras

Fire Alarm: Yes
Fire Sprinkler Sys: Yes
Landscaped: Yes
Management: Yes
Restrooms: Yes
Smoke Detectors: Yes

Heating/Cooling

Central AC: Yes
Electric: Yes

Location Amenities

Corner Lot: Yes
High Traffic Loc: Yes
High Visibility: Yes
View: Yes

Documents on File

Appraisal: Yes
Financials: Yes
Leases: Yes

Parking

Street Parking: Yes
None: Yes

Occupant

Tenant Occupied: Yes
3 - 5 Years: Yes
Escalations: Yes
Multiple Leases: 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

Owner Pays

Nothing: Yes

Terms Offered

Cash: Yes

Possession

Subject to Lease: Yes

Expenses Include

Grounds Maintenance: Yes
Insurance: Yes
Management: Yes
Sewer: Yes
Snow Removal: Yes
Trash: Yes
Unit Electric: Yes
Unit Heat: Yes
Water: Yes

Sign

Yes: Yes

Property Features

Allowable Uses: Income; Mixed Use; Office; Retail; Warehouse Current Use: Income; Office Building; Restaurant; Retail Store; Warehouse Construction: Brick; Frame; Stone Condominiumized: No Roof: Membrane; Other Condition: Excellent 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 Owner Pays: Nothing Parking: Street Parking; None Access: Paved Extras: Fire Alarm; Fire Sprinkler Sys; Landscaped; Management; Restrooms; Smoke Detectors Expenses Include: Grounds Maintenance; Insurance; Management; Sewer; Snow Removal; Trash; Unit Electric; Unit Heat; Water Location Amenities: Corner Lot; High Traffic Loc; High Visibility; View Occupant: Tenant Occupied; 3 - 5 Years; Escalations; Multiple Leases Documents on File: Appraisal; Financials; Leases Terms Offered: Cash Sign: Yes Possession: Subject to Lease

Documents

Floor Plans ›

Listing Office: Setterfield & Bright

Last Updated: September - 05 - 2024

Broker Attribution: (970) 920-1833

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