University of Wyoming Plaza 22ND AVENUE & GRAND AVENUE | LARAMIE, WYOMING 82070
PRESENTED BY Jared Goodman Cole Herk
Cassidy Turley Colorado 772 Whalers Way, Suite 200 Fort Collins, CO 80525 cassidyturley.com/colorado
Confidential Offering Memorandum
University of Wyoming Plaza Cassidy Turley Colorado has been retained to offer to qualified investors the opportunity to acquire the fee simple interest in the University of Wyoming Plaza, located at 22nd Avenue and Grand Avenue in Laramie, Wyoming. The offering includes four finished retail buildings that are 94% occupied with rapid recent absorption, and 6 additional lots, each with a high level of infrastructure in place. These lots can be finished to accommodate a wide range of uses including mixed-use concepts and residential dwellings.
Property Overview Addresses 2317 Grand Avenue (Lot 3) 2405 Grand Avenue (Lot 4) 2523 Grand Avenue (Lot 7) 2615 Grand Avenue (Lot 8) Purchase Price $7,131,426 Rentable Area 24,766 RSF Percent Leased 94%
Property Highlights •
Class A construction with masonry over steel frame.
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Upside opportunity with a diverse tenant mix.
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Traffic counts: 17,777 ADT (2011).
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Easily accessed site with 3 major access points off one of Laramie’s major intersection at Grand Avenue and 22nd Avenue.
Major Tenants Include •
Carl’s Jr.
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McAlister’s Deli
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Union Wireless Company
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Nail Spa
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Coal Creek Coffee
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Jimmy John’s Gourmet Subs
Year Built 2008-2012
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GNC
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Great Clips
In-Place NOI $488,959
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UPS Store
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Warren Federal Credit Union
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National Sport Bar
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Mr. Jims Pizza
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Chili’s
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Almanza’s Mexican Food
Comments 6 additional lots totaling 5.44 Acres (Lots 5, 6, 9, 10, 11, 12)
22ND AVENUE & GRAND AVENUE / LARAMIE, WYOMING 82070
Property Description This mixed-use development is comprised of 6 lots with 4 existing buildings. The property is a perfect mix of retail surrounded by neighborhood and hotels. Existing tenants include four thriving restaurants, a credit union, salon, wireless store, coffee shop and many more services. Highly visible monument signage gives the center tremendous exposure to high traffic volume. This offering is in a highly sought-after location with close proximity to the University of Wyoming campus and the War Memorial Stadium, providing retail services for not only surrounding neighborhoods, but students and game-day enthusiasts.
Area Highlights •
Located in the heart of Laramie on the main thoroughfare.
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Located near a strong education base including: Wyo Tech, Laramie County Community College the University of Wyoming with 13,000 students from 50 states and 90 countries, and 6,700 faculty and staff.
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University of Wyoming is ranked number 5 in “America’s Best College Buys.”
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Over 400,000 tourists visit Laramie yearly.
University of Wyoming Plaza 22ND AVENUE & GRAND AVENUE | LARAMIE, WYOMING 82070
Laramie, Wyoming
War Memorial Stadium
E. 22nd Avenue
Univ. of Wyoming
E. 22nd Avenu e
E. Grand Avenue
E. Grand Avenue
For more information, please contact:
Jared Goodman Vice President 970.267.7723
jared.goodman@cassidyturley.com
Cole Herk Vice President 970.267.7726
cole.herk@cassidyturley.com
Cassidy Turley Colorado 772 Whalers Way, Suite 200 Fort Collins, CO 80525 T 970.776.3900 F 970.267.7419
Listing # 22740
cassidyturley.com/colorado
The information contained herein has been obtained from sources we deem reliable, however the accuracy thereof cannot be guaranteed. Any information deemed pertinent should be verified prior to purchase or lease.