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
-
Marketing Package*
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.