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Edwards Plaza I & II | Edwards, CO

69 Edwards Access Road, Edwards, CO 81632

Edwards Plaza I & II

Description

 

Edwards Plaza has been consistently maintained and meticulously cared for over the last 40 + years the lasting quality of this property is apparent due to its limited tenant rollover, performance, and long-term stability. Many of the competing properties are commercial condominiums providing Edwards Plaza a leasing advantage with ownerships singular ability to control tenant mix, leasing rates, and expenses. Also included inside of this offering is a rare opportunity to purchase an undeveloped 2.46 Acre parcel on the Eagle River.

Location Description

 

Edwards Plaza is located in the center of the Vail Valley in Colorado, downtown Edwards is a wonderful, eclectic mix of homes and businesses. Edwards offers an energetic area filled with homes, cafes, shops, boutiques, galleries, grocery stores, restaurants, movie theater, and much more. All of this just moments away from two world class ski resorts and five championship golf courses.

Retail Property

Price: $

Gross Leasable Area: 40,818 SF

Price/SF: $330.74

Property Type: Retail

Property Sub-type: Strip Center

Additional Sub-types: Street Retail

Property Use Type: Investment

Cap Rate: 4.10%

Occupancy: 80%

No. Stories: 2

Tenancy: Multiple

Year Built: 1998

Lot Size: 5.07 SF

Listing ID: 19479478

Last Updated: 5 days ago

Additional Information

Vail Valley - High Barriers To Entry

High Visibility Location in Downtown Edwards, Colorado

Edwards Ranks 2nd in Bloomberg's "2015 Richest Small Towns in America"

40,818 SF of Net Rentable on 5.07 Acres

Significant Value-Add With Lease Up

Redevelopment Opportunity - Undeveloped 2.4 Acre Parcel Along The Eagle River

Net Operating Income: $553,500

Rarely do properties come available for sale in the Vail Valley and Edwards Plaza is no exception. This property has been owned by the same ownership since the first structure was developed in 1972. Edwards Plaza has been consistently maintained and meticulously cared for over the last 40 + years – the lasting quality of this property is apparent due to its limited tenant rollover, performance, and long-term stability. Many of the competing properties are commercial condominiums providing Edwards Plaza a leasing advantage with ownerships singular ability to control tenant mix, leasing rates, and expenses. Also included inside of this offering is a rare opportunity to purchase an undeveloped 2.46 Acre parcel of land zoned Commercial General on the Eagle River.

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