3410 N Townsend Avenue , Montrose, CO 81401
Montrose, CO 81401
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 estimated for 10-15-2024 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 Type | For Sale |
| Style | Commercial |
| Building Name | Rexel Investment Lease |
| Sub-Type | New Construction |
| Status | Active |
| Year | 2024 |
| Days On Site | 232 |
| Listing Provided By | Coldwell Banker Commercial Prime Properties LLC | Becca Posner |
Features
| Bath(s) | 2 Total |
|---|---|
| SQ Feet | 10,000 |
| Story(s) | 1 |
| Units | 1 |
| Zoning | Business,Commercial,Industrial |
| Acreage | 1.72 |
| Water Front | Yes |
Market Activity 81401
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Learn More About This Property
| State | CO |
|---|---|
| County | Montrose |
| City | Montrose |
| Zip Code | 81401 |
| Area | Montrose NW |
| Listing VS Median (in 81401) | |
Price: $3,181,810 low | high Med: $439,950 SqFt: 10,000 low | high Med: 1,918 $ / SqFt: $318 low | high Med: $241 On Site: 232 low | high Med: 75.000000 | |