For Sale
$914,483

1010 South StCastle Rock, CO 80104

High-yield warehouse, 7.25% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a single-tenant warehouse building in Castle Rock, Colorado. The property, located at 1010 South St, 80104, boasts 2,100 square feet of main floor space plus a 450-square-foot mezzanine, totaling 2,550 net rentable square feet. Currently leased to a roofing company under a triple-net (NNN) lease with a three-year term, the property offers a strong annual net operating income (NOI) of $66,300, resulting in a compelling 7.25% capitalization rate. The asking price is $914,483, with a price per square foot of $430. The building features a 23' 6.50" ceiling height, energy-efficient LED lighting, insulated masonry construction, and a 14' x 14' overhead door with operators. Additional amenities include finished private restrooms, 24/7 access, wide paved aisles, and a 1,410-square-foot backlot/yard. The property is zoned for Light Industrial, Office, Warehousing, Storage, Flex, and Retail uses, offering versatility for future tenants. Balconies are available on select units. This is an ideal investment for those seeking a stable, high-return property in a desirable location.

Highlights

  • Ideal for small businesses and storage.
  • Insulated masonry construction.
  • 1,410 SF backlot/yard.
  • Energy-efficient LED lighting.
  • 450 SF mezzanine.
  • Finished private restrooms.

Property Details for 1010 South St

Property type
Warehouses, Industrial properties
Square Feet
2,100 SF
Units
1

Location Insight

City
Castle Rock
County
Douglas
State
Colorado
Latitude
39.369418
Longitude
-104.8472345
1010 South St, Castle Rock, Colorado

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1010 South St
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