$338.50 Per Sq Foot $18,171 est/mo Sourced by Back At You

Tbd N Townsend Avenue,Montrose, CO 81401

Montrose CO, 81401

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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

Details

MLS#810973
Listing TypeFor Sale
StyleCommercial
Building NameRexel Investment Lease
Sub-TypeNew Construction
StatusActive
Year2024
Days On Site124
Listing Provided ByColdwell Banker Commercial Prime Properties LLC | Becca Posner

Features

Bath(s) 2 Total
SQ Feet10,000
Story(s)1
Units1
ZoningBusiness,Commercial,Industrial
Acreage1.72
Water FrontYes

Market Activity 81401

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Listings Checked: 2 minutes ago
StateCO
CountyMontrose
CityMontrose
Zip Code81401
AreaMontrose NW
Listing VS Median (in 81401)
Price:
$3,385,000
low | high
Med:
$6,036
100% of Average
SqFt:
10,000
low | high
Med:
5,122
98.785% of Average
$ / SqFt:
$339
low | high
Med:
$1
100% of Average
On Site:
124
low | high
Med:
98
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 12:09:40 AM PDT
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