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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
| LAST UPDATED | 2/21/2024 | YEAR BUILT | 2024 |
|---|---|---|---|
| COMMUNITY | Montrose NW | COUNTY | Montrose |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | Montrose NW |
|---|---|
| EXTERIOR | Dock |
| HEAT | Forced Air, Natural Gas |
| LOT | 1.72 acre(s) |
| LOT DESCRIPTION | Corner Lot, Waterfront |
| TAXES | 3705.56 |
| WATERFRONT | Yes |
| ZONING | Business,Commercial,Industrial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Coldwell Banker Commercial Prime Properties LLC
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.
Real Estate listings held by companies other than Real contain that company’s name.
Fair Housing DisclaimerThis data was last updated: 4/27/24 1:31 AM PDT
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