Details for Listing #3547766
The Laurie Mall has been revitalized and ready for new ownership. New leases have been signed and put in place. Substantial cosmetic improvements completed, as well as a newer roof. Building is on City Water & Sewer and has high speed fiber optic internet provided by CO-MO Connect as well as AT&T. Parking lot is FLAT, comes with two 60' curb cuts and more than 120 parking spaces. Gross square feet of the building is 53,653 with 40,070 Square Feet of Leasable space; only 49% of the leasable space has been leased. COMC just signed a 10 year triple net lease as the Anchor. The entire building is clear span, none of the individual spaces have load bearing walls; build to suit opportunities for new tenants. Fill up the spaces and you can have a minimum 8% ROI on your investment, but market statistics show a higher ROI is very achievable. Purchase includes 3.91 Acre lot on back side of property for expansion or further development with storage units, etc.
Listed by: John Farrell Real Estate Co.
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