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3410 N Townsend Avenue Montrose, CO 81401
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Key Details
Sold Price $2,900,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20240440
Sold Date 06/06/25
Annual Tax Amount $3,705
Lot Dimensions irreg
Property Sub-Type Commercial
Property Description
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
Location
State CO
County Montrose
Area Montrose
Direction Northwest of Montrose on north side of the road off of N. Townsend and frontage Rd. This property is located on hard corner about 3/4 mile from airport
Building
Lot Description Cleared, Corner Lot, Irregular Lot
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Bought with VENTURE GROUP
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