Excellent NNN investment opportunity at a 7.5% CAP. Tenant has installed an expensive, state-of-the-art climbing wall and gym facilities in a well-managed building. Owner has the opportunity to realize a strong return with minimal management. Tenant has two more years on current lease with an option to extend and strong motivation to remain in this location given the significant investment in the build out and fixtures. HOA takes care of building maintenance, snow removal and other upkeep. This is the only serious climbing facility in our extremely outdoorsy town and is poised to keep growing.

  • MLS# S171011
  • Style Industrial
  • Sub-Type Resale
  • Status Active
  • Days On Site 577
SQ Feet 5,698
Story(s) 1
Zoning Industrial
Listing Provided By:
Chris Paoli  of  COLORADO GROUP REALTY
 
 
 
 
 
 
 
 
 
 
 
this listing $885,000
45.08%
$610,000 in 80487
this listing 577 on site
736.23%
69 on site in 80487

Location

State CO
County Routt
City Steamboat Springs
Zip Code 80487
Area Routt

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