TBD N Townsend Avenue, Montrose, CO
Others for Sale - $3,385,000 - 10,000 Sq. Ft.
Agent Info
| Becca Posner Coldwell Banker Commercial Prime Properties |
Property Info
| CIMLS# | 1155579 |
| Location TBD N Townsend Avenue Montrose CO 81401 | |
| Updated | April 28th, 2024 |
| Type | Others |
| Price | $3,385,000 |
| Building | 10,000 Sq. Ft. |
Property Description
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
