TBD N Townsend Avenue Montrose, CO 81401
Great for a 1031 Exchange, Hands Off Investment Opportunity with a Bonus Potential Value Add . This building is currently under construction. Certificate of Occupancy is set for 8-1-2024 but lease starts at C.O.. Rexel is a Nationally Recognized Tenant that has signed a 7 year initial lease with 2% escalators annually and 2 ( 5 year ) renewal options with built in 2% escalators. This construction is taking place in the ever growing Montrose City business/industrial district next to the airport. There is a executed lease to review with a signed NDA. First years NOI is $210K. These types of deal are rare. Brand New lease starting at CO for 7 years with Nationally recognized Tenant. Brand new 10000 SF building in Montrose. Call agent for more. O.M. is attached to MLS
- Property TypeCommercial
- NeighborhoodN/A
- CountyMontrose
- Taxes$3,705
- HOA/Condo/Coop Fees$0
- Days on Site85 Days
- MLS StatusActive
- MLS ID Number810973
- Home Size Source Plans
- Year Built2024
- Lot Size1.72 Acres
- Full Baths2
- Partial BathsN/A
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Learn MoreRecent Activity For TBD N Townsend Avenue Montrose, CO 81401
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General Features
- Construction Metal Siding
- Parking Parking Spaces
- Parking Spaces 20
- Sewer Other
- Number of Stories 111
- Acreage 1.72
- Water Other
- Zoning Business, Commercial, Industrial
- Security Security System
- Property Sub Type Industrial
- Utilities Other
- Foundation Slab
Interior Features
- Cooling Central Air
- Heating Forced AirNatural GasOther
- Flooring ConcreteTile
- Furnished? Unfurnished
Exterior Features
- Roof Metal
- Fencing Chain LinkOtherSecurity
- Waterfront Property Yes
- Waterfront Features Other
- Lot Corner Lot
- Road Frontage City StreetOther
Community Features
- MLS Area Montrose NW
- Security Features Security System