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TBD N Townsend Avenue

Montrose, CO 81401
  • $3,385,000
  • STATUS: Active
  • ON SITE: 61 Days
  • MLS #: 810973
$3,385,000
  • 0
    BEDS
  • 1.72
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 10,000
    SQFT
  • $339
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2024
County:
Area:

School Ratings & Info

Listing courtesy of Coldwell Banker Commercial Prime Properties LLC: 970-243-7375.


Description

Great for a 1031 Exchange, Hands Off Investment Opportunity with a Bonus Potential Value Add . This building is currently under construction. Certificate of Occupancy is set for 8-1-2024 but lease starts at C.O.. Rexel is a Nationally Recognized Tenant that has signed a 7 year initial lease with 2% escalators annually and 2 ( 5 year ) renewal options with built in 2% escalators. This construction is taking place in the ever growing Montrose City business/industrial district next to the airport. There is a executed lease to review with a signed NDA. First years NOI is $210K. These types of deal are rare. Brand New lease starting at CO for 7 years with Nationally recognized Tenant. Brand new 10000 SF building in Montrose. Call agent for more. O.M. is attached to MLS

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[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than The Howe Group | Keller Williams Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-04-20T22:30:38.613.
www.thehowegroup.co/homes/147797317
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TBD N Townsend Avenue Montrose, CO 81401

  • Price: $3,385,000
  • Status: Active
  • On Site: 61 Days
  • MLS #: 810973
0
Beds
2
Baths
0
½ Baths
1.72
Acres
10,000
SQFT
$339
$/SQFT
2024
Built
Neighborhood:
Montrose Nw
County:
Montrose
Area:
Montrose Nw
Property Description
Great for a 1031 Exchange, Hands Off Investment Opportunity with a Bonus Potential Value Add . This building is currently under construction. Certificate of Occupancy is set for 8-1-2024 but lease starts at C.O.. Rexel is a Nationally Recognized Tenant that has signed a 7 year initial lease with 2% escalators annually and 2 ( 5 year ) renewal options with built in 2% escalators. This construction is taking place in the ever growing Montrose City business/industrial district next to the airport. There is a executed lease to review with a signed NDA. First years NOI is $210K. These types of deal are rare. Brand New lease starting at CO for 7 years with Nationally recognized Tenant. Brand new 10000 SF building in Montrose. Call agent for more. O.M. is attached to MLS
Exterior Features

Acreage Range 1-1.99 Carport No Construction metal Lot Dimension 150x300 Parking 10-20 Total Spaces20 + Total Spaces Parking Spaces 20 Property Description Corner Roof Metal Sewer Other Stories 1 Street Description City/TownOther Water Other Water Well No Waterfront Other Waterfront YN Yes

Interior Features

Ceiling Height 24 Cooling Central Cooling Type Central A/C Finished Sq Ft 10000 Flooring ConcreteTile Foundation Slab Heating Fuel Source Natural Gas Heating System Forced AirOther Lighting 3 Phase 220Other Loading Dock Yes Main Sq Ft 10000 Number Dock Hi Doors 1 Number Overhead Doors 2 Office Sq Ft 2500 One Quarter Baths 0 Total Offices 0 Warehouse Sq Ft 7500

Property Features

Amperage 3PH Available Utilities Other Books Available No Cam Yes Cap Rate Percent 6.2 Construction Completed No Covenants NO Current Use Office WarehouseWarehouseServiceIndustrial Disclosures Other Documents On File Leases Enterprise Zone Yes Estimated Completion Date 2024-07-01 Exchange Trade No Existing Utilities Other Fixtures Included No Inventory Included No Landlord Pays NoneOther Lease Included Yes Monthly Cam Charges tbd Monthly Insurance Charges tbd Net Operating Income 210000 New Construction YN Yes Owners Association No Possible Property Use Other Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2023 Tenant Pays Building InsuranceCommon Area MaintenanceElectricGasInterior MaintenanceJanitorialReal Estate TaxesSewer/WaterSnow RemovalTrash Total Electric Meters 1 Total Gas Meters 1 Total Taxes 3705.56 Total Water Meters 1 Type Industrial Vacancy Factor Prcnt 0 Variable Rate No Water Rights No Year Started 2024 Zoning Type BusinessCommercialIndustrial

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than The Howe Group | Keller Williams Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-04-20T22:30:38.613.
 
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The Howe Group | Keller Williams Realty
218 Maroon Ave. Unit C
Crested Butte CO, 81224
Listing courtesy of Coldwell Banker Commercial Prime Properties LLC: 970-243-7375.