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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 $3,181,810 ($318/SF) 6.60% Cap Rate

Warehouses Colorado Montrose 3410 N Townsend Ave, Montrose, CO 81401

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!

Attachments

9-2024 Marketing Packet

Property Facts

Price $3,181,810 Lot Size 1.73 AC
Price Per SF $318 Construction Status Under Construction
Sale Type Investment NNN Rentable Building Area 10,000 SF
Cap Rate 6.60% No. Stories 1
Property Type Industrial Year Built 2025
Property Subtype
Warehouse
  • Industrial Service
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class B
Price $3,181,810
Price Per SF $318
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
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Fenced Lot
  • Air Conditioning

Utilities

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

Zoning Code B3
B3
(970) 424-2281

Contact

  • Listing ID: 30889619

  • Date on Market: 2/6/2024

  • Last Updated:

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

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BRAND NEW BUILD -1031 Exchange-OZ -6.6%CR | 3410 N Townsend Ave
(970) 424-2281 x

BRAND NEW BUILD -1031 Exchange-OZ -6.6%CR | 3410 N Townsend Ave

Becca Posner

(970) 424-2281

(970) 424-2281

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