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3410 Townsend Ave Montrose, CO 81401

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For Sale
$3,181,810

New Construction, 7-Year Lease, High NOI

Property Features for 3410 Townsend Ave

General Information

Property type
Other commercial real estate

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Listing Contact
Becca Posner

Listing Agency: COLDWELL BANKER COMMERCIAL PRIME PROPERTIES Listing Agent: Becca Posner

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional 10,000-square-foot commercial building in Montrose, Colorado, presents a compelling investment opportunity. Currently under construction, the property is slated for completion and Certificate of Occupancy on August 1, 2024, with a lease commencing immediately thereafter. Located in Montrose's thriving business/industrial district, adjacent to the airport, this building benefits from excellent visibility and accessibility. A nationally recognized tenant, Rexel, has signed a seven-year initial lease with a built-in 2% annual escalator clause. Furthermore, the lease includes two five-year renewal options, each with a 2% annual escalator. The first year's net operating income (NOI) is projected at $210,000. This represents a hands-off investment opportunity ideal for a 1031 exchange, offering significant potential for value appreciation. A fully executed lease agreement is available for review upon execution of a non-disclosure agreement (NDA). The property's operational management is included. This is a rare opportunity to acquire a brand-new, fully leased commercial building in a rapidly growing market.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Department Store Food Market Kitchen & Bath Showroom Grocery & Convenience Store Storage Facility

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Montrose
County
Montrose
State
Colorado
Longitude
-107.9141
Latitude
38.51345

FAQs

What type of property is this?
Commercial real estate - New Construction, 7-Year Lease, High NOI
Where is this commercial real estate located?
The property is located at 3410 Townsend Ave Montrose, CO.
What is the asking price?
The asking price for this property is $3,181,810.
More about this property
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