481 Gregg DrBuena Vista, CO 81211

Property Details for 481 Gregg Dr

Year built

2016

Lot size

5.47 AC

Property size (Sq ft)

11,050 SF

Property type

Industrial properties

Property subtype

Other warehouses

APN

R327120100154

APU

R327120100154

Description

This exceptional investment opportunity presents a 11,050-square-foot, free-standing industrial building in Buena Vista, Colorado. The property is currently 100% occupied by FedEx Ground under a net lease with 2.5 years remaining on the initial 10-year term, followed by two 5-year options with 10% rent increases. Built in 2017, this build-to-suit facility boasts a strong 8.03% cap rate and a substantial net operating income (NOI) of $164,569. Situated on a 5.47-acre lot zoned I-1, the property features 20-22 foot clear ceiling heights, eight grade-level loading doors, and two dock-high doors, making it ideal for distribution and warehouse operations. The property's strategic location along Gregg Drive, just off Highway 24, provides excellent access to central Colorado. The building is constructed of metal and includes fenced trailer parking. This is a rare opportunity to acquire a high-quality, net-leased industrial property anchored by a creditworthy tenant with a long-term lease and significant growth potential. The property's strong financials, coupled with the tenant's robust financial performance and long-term commitment, make this an attractive investment for discerning buyers. The APN is R327120100154.

• Alternative Use

  Use

  Valuation

  Residential

  $2,370,499

  Hospitality

  $2,171,364

  Educational

  $1,806,549

  Medical

  $1,868,680

  Retail

  $2,810,188

Location Insight

City

Buena Vista

County

Chaffee

State

Colorado

Latitude

38.8243

Longitude

-106.133

Property Tax & Assessments

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