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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.
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Contacts
Cody Ferrin
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20 Wilkins Peak Dr, Rock Springs, Wyoming, 82901
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.