20 Wilkins Peak DrRock Springs, WY 82901

For Sale
$2,357,555

High-quality industrial building, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 13,648-square-foot Class B warehouse in Rock Springs, Wyoming. Located at 20 Wilkins Peak Drive on a 1.01-acre lot, this single-tenant property is occupied by WYUTEX Energy Service under a Net Lease agreement. The building, constructed in 2008, boasts 1,648 square feet of office space (including a conference room, reception area, two offices, storage, and half bath) and over 10,000 square feet of heated warehouse space. Features include a floor drain, wash bay, seven 14-foot doors, a 1,648-square-foot mezzanine with lockers, and a paved and fenced yard. The property offers 30 parking spaces and is conveniently situated with easy Interstate 80 access. The current lease, commencing May 31, 2022, and expiring May 31, 2042, includes two five-year renewal options and features a 3.0% annual rent increase. The asking price is $2,357,555, representing a 9.00% cap rate and a price per square foot of $172.74. The Net Operating Income (NOI) is $212,180. The property is zoned for industrial use. Seller financing is available. All information should be verified by the buyer.

Highlights

  • Absolute NNN lease with WYUTEX Energy Service.
  • 18-year lease term remaining with two 5-year options.
  • 9% cap rate.
  • 3% annual rent increases.
  • 13,648 SF Class B warehouse on 1.01 acres.
  • Paved and fenced yard with 30 parking spaces.

Property Details for 20 Wilkins Peak Dr

Property type
Other warehouses, Other industrial properties
Square Feet
13,648 SF
Class
B
Year Built/Renovated
2008/2008
Buildings
1
Stories
1
Lot Size (sq. ft)
43,996 SF
Units
1

Location Insight

City
Rock Springs
County
Sweetwater
State
Wyoming
Latitude
41.5488143
Longitude
-109.3084766
20 Wilkins Peak Dr, Rock Springs, Wyoming

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20 Wilkins Peak Dr
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