$9,000,000

Laramie Land Co, in cooperation with Colliers, is pleased to present the opportunity to acquire 575 Snowy Range Road, a three-building, approximate 197,968-square-foot industrial complex situated on 22.2 acres in Laramie, Wyoming. The property is currently approximately 50% occupied by a single tenant generating $356,617 in net operating income, notably sufficient to cover the entirety of the property’s operating expenses and provide immediate cash flow from day one. The significant vacancy presents a compelling value-add opportunity: upon lease-up of the remaining space at market rents of $4.00 to $6.00 per square foot NNN with 3.50% annual escalations, the property is projected to produce over $982,000 in stabilized NOI by Year 2, representing nearly a threefold increase over in-place income. 575 Snowy Range Road offers investors the rare combination of in place cash flow with substantial near-term upside through the lease up of a functional, well-positioned industrial asset. Spaces currently also available for rent, call for additional details.