Granite Street Professional Building

Owner-User Office Investment | Loveland, CO

$1,300,000 | 7,880 SF Office | $165/SF | 8.0% Pro Forma Cap

LC Real Estate Group is pleased to offer for sale this rare owner-user multi-tenant office investment

opportunity in north Loveland, Colorado. This recently updated and well-maintained, 7,880 square foot multitenant

property sits on .87 acres with direct visibility to North Garfield/US Highway 287 and is offered at

$1,300,000 ($165/SF). Located along one of Loveland’s highest-traffic corridors, this asset combines stable

in-place income with significant long-term upside potential for both investors and owner-users with the

availability of 1,917 RSF of renovated office, well-suited for a multitude of professional uses.

Property Highlights

- Total Building Size: 7,880 SF across four suites

- Well maintained asset with recent interior updates throughout

- Roof was replaced in 2019 with hail resistant shingles

- All HVAC replaced in 2017; All water heaters replaced 2020

- Suite A - 1,917 RSF end-cap unit ideal for business owner looking to own their space within a larger real

estate investment

* Recently updated turnkey ready: includes a large open work area, 5 private offices, spacious

conference/training room, kitchenette/break area, and private restroom

- Lot Size: .87 Acres, nicely landscaped with abundant parking

- Construction: Timeless block construction with wood accents and large windows

- Constructed in 1996 with modern interior updates

- Suite D features an attached garage with roll-up door and unfinished basement not currently included in the

building’s rentable square footage

- Located outside Loveland city limits providing lower tax rates for tenants with retail sales

Current Tenancy

- Unit B: Crop-A-Latte - 973 RSF - $12.94/SF NNN

- Unit C: Clarvida - 1,146 RSF - $14.00/SF NNN

- Unit D: Summit Partners - 3,844 RSF - $14.00/SF NNN

* Total Annual Net Operating Income - Current $69,795 | Proforma $103,877

* Currently estimated Operating Expense - $7.37/SF