Tbd N Townsend Avenue

Montrose, CO 81401

About this property

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

Features and Additional Information

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$3,385,000 Active
10,000 SQFT

Presented By Becca Posner

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Get in touch today! Phone: 1-970-424-2281
License #FA100069180
Brokerage
Coldwell Banker Commercial Prime Properties LLC
1-970-243-7375
Listed By Becca Posner
Brokerage: Coldwell Banker Commercial Prime Properties LLC

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