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481 Gregg Dr

11,050 SF Flex Building Buena Vista, CO 81211 $2,915,100 CAD ($264 CAD/SF) 8.03% Cap Rate

Investment Highlights

  • Build to Suit facility for FedEx Ground. Built in 2017.
  • Fenced
  • Metal construction, 20’-22’ clear heights, 8 grade level loading doors and 2 dock-high loading doors

Executive Summary

Graystone Capital Advisors is pleased to offer For Sale a 11,050 SF, Free-Standing, NN leased, single tenant industrial facility located in Buena Vista, CO. The tenant, FedEx Ground (NYSE:FDX | S&P: BBB) has 2.8 years of lease term remaining with 2 (5-Year) options to renew at 10% increases. The lease structure is Double Net (NN), with the Landlord being responsible for the maintenance of the structural portions of the building including the foundation, roof, exterior walls and floor slabs.
The subject site is located along Gregg Dr. and is just off highway 24 serving a large area of central Colorado. The building features metal construction, 20’-22’ clear height, two dock high loading doors and eight grade-level loading doors. Owner built to suit for Fedex Ground in 2017.

Data Room Click Here to Access

Property Facts

Price $2,915,100 CAD
Price Per SF $264 CAD
Sale Type Investment NNN
Cap Rate 8.03%
Property Type Flex
Property Subtype
Light Distribution
  • Industrial Distribution
  • Industrial Truck Terminal
Building Class C
Lot Size 5.47 AC
Rentable Building Area 11,050 SF
No. Stories 1
Year Built 2017
Tenancy Single
Clear Ceiling Height 22 ft
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 8
Opportunity Zone Yes

Amenities

  • Fenced Lot

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer - County
  • Heating

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Transportation and Warehousing
  • 11,050 SF
  • -
  • Double Net
  • May 2027

For decades, FedEX Ground has been innovating to deliver more for people. Strengthening supply chains with their global network. Simplifying logistics. Enhancing tracking and visibility. And using data from every journey to make every experience better. They use core values to create smarter supply chains. Flexibility, efficiency, and intelligence are at the heart of their efforts. They help businesses streamline operations with logistics services, automation, and supply chain visibility. They focus on sustainability initiatives like reducing emissions, and enabling businesses to track their carbon footprints.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Transportation and Warehousing 11,050 SF - Double Net May 2027

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R327120100154
Land Assessment
$257,880 CAD
Improvements Assessment
$482,015 CAD
Total Assessment
$739,895 CAD

zoning

Zoning Code I-1
I-1
  • Listing ID: 32466339

  • Date on Market: 2024-07-15

  • Last Updated:

  • Address: 481 Gregg Dr, Buena Vista, CO 81211

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