8356 Maverick Ln Ordway, CO 81063
- Warehouses
- 12,690 SF
- 5.20 lot acres
Current Use by Public Records
- Warehouses
Property Details for 8356 Maverick Ln
- Year built
- 2018
- Lot size
- 5.20 lot acres
- Property size
- 12,690 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
Exceptional investment opportunity: a 12,690-square-foot industrial warehouse in Ordway, Colorado, presents a strong cash flow with an 11.08% cap rate. This single-tenant, net-lease property boasts a five-year lease commencing May 30, 2024, and expiring May 30, 2025, generating a net operating income (NOI) of $72,000. The asking price is $650,000, translating to $51.22 per square foot. Built in 2018, this 1-building property sits on a 5.2-acre lot zoned for commercial marijuana cultivation (AR - Commercial Marijuana), offering significant potential for expansion. The property includes 10 parking spaces and is equipped with a comprehensive array of cultivation equipment, including an Agrowtek system, lighting, heating, ventilation, irrigation, CO2 burners, water storage tanks, and a water purification system. Additional features include grow tents, RV hookups, storage racks, gardening tools, climate control systems (mini-splits), security system (ADT with 32 cameras), and more. Currently vacant, this turnkey operation presents a rare opportunity for investors seeking a high-return, low-maintenance investment in the thriving Colorado cannabis industry. The property's address is 8356 Maverick Lane, Ordway, CO 81063. APN: R002536.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ordway
- County
- Crowley
- State
- Colorado
- Longitude
- -103.717
- Latitude
- 38.2342
