3410 Townsend Ave, Montrose, CO 81401

10,000 SF | 100% Leased | Industrial Building | Montrose, CO 81401 | $3,181,810 ($318/SF) | 6.60% Cap Rate

Asking Price $3,181,810

Property Type: Industrial
Price / Square Foot: $318

Listing Contacts

Becca Posner

Property Overview

Great for a 1031 Exchange or and Investment Opportunity. This building is currently under construction. Certificate of Occupancy is set for 9-1-2024. 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 Details

Year Built: 2024
Stories: 1
Property Subtype: Distribution, Service
Lot Size (sq. ft): 75,359 SF

Highlights

BRAND NEW BUILD - 7 Year lease with Renewals- OZ - 1031 Exchange
New 7 year lease with 2 (5) year Options -
Nationally Recognized Tenant - Opportunity Zone Investment
NNN Lease starts at C.O. 8/1/12024
Escalators built into Each Year - Executed Lease ready!
$210,000 NOI Year 1 $250,800 NOI Year 7 -Great 1031 Exchange Investment or Hands Off Investor 6.6% CR-7.4% CR

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