1026 2Nd StCasper, WY 82601

For Sale
$11,753,504

Three-building portfolio, 16 tenants, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional commercial real estate portfolio in Casper, Wyoming, presents a compelling investment opportunity. Comprising three Class A buildings totaling 55,802 square feet across 3.33 acres, this stabilized investment boasts 100% occupancy with 16 diverse tenants. The portfolio includes a mix of medical and traditional office spaces, zoned C2. The buildings are strategically located at 1026 E 2nd St, 136 S McKinley St, and 940 E 3rd St, all in Natrona County, zip code 82601. Additionally, a 0.37-acre development site at 804 E 3rd St offers significant future potential. The current Net Operating Income (NOI) is $784,853, representing a 6.68% cap rate on an asking price of $11,753,504. Major capital improvements have been completed within the last six years, enhancing the value and longevity of this asset. This multi-tenant portfolio provides a strong, diversified income stream with significant upside potential through future development. The property's prime location in central Casper ensures continued high demand and strong tenant retention. Detailed financial information and due diligence materials are available upon request.

Highlights

  • Strong annual gross revenue of $1,074,398.
  • Annual operating expenses totaling $289,545.
  • Substantial net operating income (NOI) of $784,853.

Property Details for 1026 2Nd St

Property type
Other office properties, Medical offices
Square Feet
55,802 SF
Class
A
Buildings
3
Lot Size (sq. ft)
145,055 SF
Units
16

Location Insight

City
Casper
County
Natrona
State
Wyoming
Latitude
42.8488509
Longitude
-106.3118195
1026 2Nd St, Casper, Wyoming

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1026 2Nd St
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