BRAND NEW BUILD -1031 Exchange-OZ -6.6%CR | 3410 N Townsend Ave
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BRAND NEW BUILD -1031 Exchange-OZ -6.6%CR 3410 N Townsend Ave
10,000 SF 100% Leased Industrial Building Montrose, CO 81401 $4,524,534 CAD ($452 CAD/SF) 6.60% Cap Rate
Investment Highlights
- BRAND NEW BUILD - 7 Year lease with Renewals- OZ - 1031 Exchange
- Nationally Recognized Tenant - Opportunity Zone Investment
- Escalators built into Each Year - Executed Lease ready!
- New 7 year lease with 2 (5) year Options -
- NNN Lease starts at C.O. 8/1/12024
- $210,000 NOI Year 1 $250,800 NOI Year 7 -Great 1031 Exchange Investment or Hands Off Investor 6.6% CR-7.4% CR
Executive Summary
Great for a 1031 Exchange or and Investment Opportunity. This building is currently under construction. Certificate of Occupancy is set for 10-15-2024. The Nationally Credited Tenant has signed a 7 year initial lease with 2% escalators each year and 2 ( 5 year ) renewal options with built in escalators. This construction is taking place in the ever growing Montrose City business/industrial district. There is a executed lease to review with a signed NDA. First years NOI is $210K- $250,800 NOI Year 7. These types of deal are rare. Brand New lease starting at CO for 7 years with National Tenant. Brand new 10,000 SF building in Montrose. Located in an Opportunity Zone- Starting Cap Rate is 6.6% and escalated to 7.4% in year 7 - Each option has escalators too!
Property Facts
Amenities
- Fenced Lot
- Air Conditioning
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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zoning
Zoning Code | B3 |
B3 |
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BRAND NEW BUILD -1031 Exchange-OZ -6.6%CR | 3410 N Townsend Ave
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