Wadsworth Office Building and Land FOR SALE

LC Real Estate Group is pleased to offer this opportunity to purchase this quality 4,334 s.f. office building in central Loveland to qualified investors or owner-users. With current national tenant Wells Fargo Advisors (“WFA”) providing in-place income through December 2025, this investment offers a wide array of potential paths forward including purchasing the property purely an investment property, working with WFA to “right size” them and lease the remaining space to a second tenant, or right sizing WFA and occupying a portion of the building as an owner user.  WFA approached current ownership about downsizing its space in 2023 and the current owner reduced the rent being paid by WFA to keep them in the building through 2025 and defer the future of the building to the new ownership.  WFA has expressed an interest in staying in the building long term if the new owner is willing to demise its space to approximately 2,000 s.f.

Constructed initially in 1985 and expanded in 2000, the building is conveniently located on Lincoln Avenue (Highway 287) just four blocks south of Highway 34 (Eisenhower Blvd.).  Located just blocks from the intersection of two state highways, the office building is proximate to dozens of restaurants, grocery stores, a pharmacy and a short drive from Lake Loveland and multiple City parks. 

Sturdy and timeless brick construction with excellent natural light from floor to ceiling windows on all sides of the building.

In place income from Wells Fargo Advisors provides an investor or owner-user flexibility for future building use.

Split HVAC system from building expansion in 2000 plus basement and crawl space makes demising the building easier.

Rare standalone office building with professional appearance in a location that is convenient to downtown Loveland and Highway 34.

Long term tenancy of a corporate tenant speaks to the quality and professional nature of the building. 

Investment Highlights

• In-place income from current tenant allows for flexibility and control of the space by new investor or owner-user.

• ~7% cap rate from in place, but below market rents provide solid investment base from which a new owner can make decisions

• Fantastic long term owner-user or investment opportunity in a well-positioned asset with high quality finishes and spaces

• Affordably priced at approximately 50% of replacement cost.

• Below market in place rent and opportunity to replace lease with new triple net lease structure.