For saleMixed use
Mixed-use building on Pearl Street, Boulder
1942 Pearl St, Boulder, CO 80302
$4,950,000
6.1% cap rate (sample)
- Bathrooms
- 4
- Interior
- 12,400 sq ft
- Built
- 1998
About this property
This three-story building offers an investor a stable, fully leased asset in one of Colorado's strongest retail corridors. The ground floor houses a long-term restaurant tenant, and the upper two floors are leased to a software company and an architecture studio.
The weighted average lease term is 4.6 years, and all leases include annual rent increases of 3 percent. The roof was replaced in 2020 and the building has a monument sign facing Pearl Street.
Rent rolls, operating statements and a property condition report are available to qualified buyers after signing a confidentiality agreement.
Features
- 100% leased
- 3% annual rent increases
- Roof replaced 2020
- Monument signage
- Eight surface parking spaces
- One block to Pearl Street Mall
Property facts
- Property type
- Mixed use
- Occupancy
- 100%
- WALT
- 4.6 years
- NOI (sample)
- $301,950
- Zoning
- BMS
- Neighborhood
- Boulder
Neighborhood guideBoulderMedian price $1.35M, 31 median days on market, walk score 74Read the guideSimilar properties
Search properties
For saleWashington Park$1,485,000
Modern farmhouse steps from Washington Park
- 4 bd
- 3.5 ba
- 3,120 sq ft
For salePark Hill$865,000
Porch-front craftsman bungalow in Park Hill
- 3 bd
- 2 ba
- 1,980 sq ft
Meridian Property Group listing information is a sample for this demo website and is not a real property. Equal Housing Opportunity.