Current Use by Public Records
- Warehouses
Property Details for 685 Co-92
- Year built
- 64
- Lot size
- 5.80 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
Exceptional investment opportunity: a 24,296 square foot warehouse in Delta, Colorado, currently leased to a machine shop. This single-tenant property boasts a strong lease with a remaining term of 2.9 years, expiring November 1, 2027. The lease commenced April 18, 2024, and includes pre-determined rent bumps: $6,000 from May 1, 2024 to April 30, 2025; $8,000 from May 1, 2025 to April 30, 2026; and $10,000 from May 1, 2026 to the lease's end. The asking price is $2,100,000, translating to $86.43 per square foot. Situated on a 5.8-acre lot, the property comprises two buildings constructed in 1964, featuring a robust steel and masonry frame, painted block and metal exterior siding, and a durable metal roof. The interior includes efficient radiant electric and natural gas heating, bright fluorescent lighting, and six dock-high doors ranging from 12 to 20 feet in height. The property is zoned for industrial use and offers low-maintenance operation, making it an ideal addition to any investment portfolio. This is a modified lease with a 3.5-year initial term.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Delta
- County
- Delta
- State
- Colorado
- Longitude
- -108.063
- Latitude
- 38.7497
