1313 Us-160 Monte Vista, CO 81144
- Office Properties & Spaces
- 14,000 SF
- 4.00 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1313 Us-160
- Year built
- 2015
- Lot size
- 4.00 lot acres
- Property size
- 14,000 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a 14,000-square-foot, single-tenant office building in Monte Vista, Colorado. The property is situated on a 4-acre lot and boasts 90 parking spaces. Constructed in 2015, the building features a gross lease with the Bureau of Land Management, a U.S. Federal Government agency with an Aaa credit rating. The current 20-year lease, commencing February 26, 2015, and expiring February 25, 2035, has approximately 10.3 years remaining. The building includes both office and warehouse space, along with an expansive yard suitable for large vehicles. The Bureau of Land Management utilizes the entire 10,006 square feet of net rentable space, managing over 500,000 acres of public land from this location. The lease includes rent bumps, and the property's NOI is $237,176. This specialized facility, built to the tenant's specifications, presents significant barriers to entry and substantial long-term income potential. The property's address is 1313 US-160, Monte Vista, CO 81144, and the APN is 3705100078. The fee-simple ownership offers a secure and stable investment with potential for lease expansion within the existing 14,000 square foot building.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monte Vista
- County
- Rio Grande
- State
- Colorado
- Longitude
- -106.125
- Latitude
- 37.5735
