511 Spring Buck Rd
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511 Spring Buck Rd
17,571 SF Industrial Building Gypsum, CO 81637 $5,850,000 ($333/SF) 6% Cap Rate
Investment Highlights
- Recently constructed metal building with ample outdoor storage
- Five-year initial lease term with three, five-year renewal options
- Less than four miles from I-70 exit 140 and two miles from US HWY-6
- Fully leased to CPS Distributors, a subsidiary of The Home Depot, Inc.
- Additional acreage not leased to Tenant that could be developed or leased as-is
- Light industrial zoning is increasingly scarce in Eagle County
Executive Summary
511 Spring Buck Road is a 17,571 SF light industrial building located in Gypsum, Colorado. The property was constructed in 2022 for CPS Distributors (“CPS”), which currently occupies the building and the majority of the parcel, on a long-term lease with a five-year initial term and three, five-year renewal options. CPS specializes in wholesale distribution of landscape supplies and does not have a direct competitor in Eagle County. The lease is structured as NN with the Tenant paying for property taxes and general maintenance of the property. The Landlord is responsible for insuring the property and certifying the roof and structure are properly maintained.
The parcel totals 2.16 acres, of which approximately 0.32 acres is undeveloped and not leased by the Tenant. This excess acreage could support an additional 5,000 square foot building, or leased as-is, providing an immediate value-add opportunity.
Situated in Gypsum’s light industrial zoning district, the property is surrounded by the bulk of Eagle County’s contractor and skilled trade base. This is the only area in the county that has a meaningful amount of land dedicated to this use. It is a crucial part of the community, serving the needs of up-valley areas, such as Edwards, Avon, Beaver Creek and Vail, that drive the economy of the county.
The parcel totals 2.16 acres, of which approximately 0.32 acres is undeveloped and not leased by the Tenant. This excess acreage could support an additional 5,000 square foot building, or leased as-is, providing an immediate value-add opportunity.
Situated in Gypsum’s light industrial zoning district, the property is surrounded by the bulk of Eagle County’s contractor and skilled trade base. This is the only area in the county that has a meaningful amount of land dedicated to this use. It is a crucial part of the community, serving the needs of up-valley areas, such as Edwards, Avon, Beaver Creek and Vail, that drive the economy of the county.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $5,850,000 | Building Class | A |
| Price Per SF | $333 | Lot Size | 2.17 AC |
| Sale Type | Investment NNN | Rentable Building Area | 17,571 SF |
| Cap Rate | 6% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2022 |
| Property Subtype | Warehouse | Tenancy | Single |
| Price | $5,850,000 |
| Price Per SF | $333 |
| Sale Type | Investment NNN |
| Cap Rate | 6% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | A |
| Lot Size | 2.17 AC |
| Rentable Building Area | 17,571 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Tenancy | Single |
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zoning
| Zoning Code | Light Industrial |
| Light Industrial |
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511 Spring Buck Rd
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