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Laramie, WY

1252 Commerce Drive

Address:
1252 Commerce Drive, Laramie, WY 82070
Property Type:
Single Tenant
Price:
$5,400,000
Cap Rate:
6.44% cap
Square Feet:
22,900 sqft
Lot Size:
5.0 Acres
Price Per Square Foot:
$245.45
Year Built:
2004
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Investment Highlights

Investment Highlights

Investment Highlights

  • Strong Long-Term Tenancy with Established Engineering Firm
  • 22,000 SF of Office Space and 900 SF of Warehouse Space
  • Mission-Critical Infrastructure Including Generator and Photovoltaic System
  • Tenant Expansion Plans Emphasize Commitment and Income Stability

Investment Overview

Marcus & Millichap is pleased to present the Single Tenant Net- Lease Flex/Office investment opportunity located at 1252 Commerce Drive in Laramie, Wyoming. This versatile commercial property is currently occupied by Trihydro, a well-established national environmental and engineering firm. The property was originally built by principals of the tenant for their long-term home headquarters. The tenant has a long-established history in Laramie and recruits heavily from the University of Wyoming, located less than 10 minutes away. Trihydro is a 40+ year old company that now boasts more than 600 employees nationwide, with over 150 located at the subject property. The tenant has expressed a desire to avoid relocating and has the ability to expand and with its growth at the current location, highlighting the property’s ideal suitability for the tenant’s operational needs. The multi-use property includes both 22,000 square feet of office space and 900 square feet of warehouse space. The open floor plan is a perfect suit for their layout, with large cubicle areas, modular office/conference room facilities and executive offices. Additionally, the facility includes several operational upgrades including a ground-mounted transformer, a Generac emergency generator, a photovoltaic solar system to offset approximately 15- 20% of their energy consumption, and a grade-level drive-in door that provides direct access to the warehouse. The property also sits in the Laramie River Business Park, home to several high-tech and growing businesses.

Considering the tenant’s operational demands tied closely to the site, and relocation requiring significant capital expenditure and time, the property offers exceptional security of income. As a result, the asset represents an ideal blend of income stability, tenant commitment, and value creation for an investor.

BROKER OF RECORD
ADAM LEWIS
Wyoming Broker of Record
1144 15th Street, Suite 2150
Denver, CO 80202
Tel: (303) 328-2050
Adam.Lewis@MarcusMillichap.com
License CO: ER100091205
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2025 Marcus & Millichap. All rights reserved. (Activity ID: ZAF0050754)