Current Use by Public Records
- Warehouses
Property Details for 1010 Interstate 25
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a pre-leased, single-tenant flex/warehouse unit in Castle Rock, Colorado. Located at 1010 South Interstate 25, Unit A01, this 1,250 square foot (1,625 net rentable square feet) property boasts a strong 5-year net lease commencing March 1, 2024, and expiring February 28, 2029. The current asking price is $547,813.65, representing a compelling $438.25 per square foot. The property features a robust 8.5% cap rate, with a projected NOI of $46,564. The building itself is constructed with insulated masonry and energy-efficient LED lighting, offering both durability and cost savings. Amenities include mezzanines in select units, finished private restrooms, 24/7 access, wide paved aisles, and 14' x 14' overhead doors. Select units also offer balconies on the mezzanine level. The property sits on ground leased land and is zoned for industrial use. Ceiling heights vary between 23' 10.75" and 21' 10.25". This property is ideal for small businesses, RV, boat, or car storage, offering a unique blend of functionality and investment potential in a rapidly growing area. The property's convenient location just off Interstate 25 provides easy access to the thriving Castle Rock community. This is a chance to build equity rather than simply paying rent, making it an attractive option for both business users and investors.
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
- Castle Rock
- County
- Douglas
- State
- Colorado
- Longitude
- -104.847
- Latitude
- 39.3696
