This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

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

Price $4,524,534 CAD
Price Per SF $452 CAD
Sale Type Investment NNN
Cap Rate 6.60%
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Service
Building Class B
Lot Size 1.73 AC
Construction Status Under Construction
Rentable Building Area 10,000 SF
No. Stories 1
Year Built 2025
Opportunity Zone Yes

Amenities

  • Fenced Lot
  • Air Conditioning

Utilities

  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

zoning

Zoning Code B3
B3
  • Listing ID: 30889619

  • Date on Market: 2024-02-06

  • Last Updated:

  • Address: 3410 N Townsend Ave, Montrose, CO 81401

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}