NNN Investment Acquisition of Multi-Tenant Office Building in Greeley, CO

By November 16, 2021Media

NNN Investment Acquisition of Multi-Tenant Office Building in Greeley, CO

On November 15, 2021, Ram Rentals, LLC sold a 10,500 square foot multi-tenant office building located at 1770 25th Avenue, Greeley, CO, to a 1031 Exchange Buyer as a NNN investment acquisition. The property, known as Cottonwood Commons, was built in 1979 and is located 2.4 miles from Downtown Greeley, southwest of 16th Street and 23rd Avenue on approximately 0.69 acres. The majority of the suites have been modernized with renovations taking place within the last 3 years. Current in-place leases fill 9,917 square feet of the building, leaving just 5.55% of the building vacant.

Buyer’s Brokers: Joe Palieri, CCIM and Mark Bishop of NAI Affinity

About NAI Affinity

Affinity Real Estate Partners’ is a family of companies. NAI Affinity, a Northern Colorado based commercial real estate brokerage firm, is the first arm. Affinity Partners, LLC, a real estate investment and development company, is the second. As a Northern Colorado real estate brokerage firm, we provide focused and expert commercial real estate assistance throughout the state. Including cities like Fort Collins, Timnath, Loveland, Windsor, Johnstown/Milliken, Berthoud, Greeley/Evans, the North Front Range, and select Denver-Metropolitan areas.

Additionally, we are a full-service real estate brokerage firm in Northern Colorado offering a wide range of commercial property services including commercial brokeragereal estate consulting, and investment and development. Furthermore, our real estate brokerage firm has decades of experience in CRE with various property types, transaction structures, and municipalities. Our clients have the opportunity to leverage this experience to maximize their results and outcomes.