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1313 Us-160Monte Vista, CO 81144

Government-leased office, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 14,000-square-foot, single-tenant office building in Monte Vista, Colorado. The property is situated on a 4-acre lot and boasts 90 parking spaces. Constructed in 2015, the building features a gross lease with the Bureau of Land Management, a U.S. Federal Government agency with an Aaa credit rating. The current 20-year lease, commencing February 26, 2015, and expiring February 25, 2035, has approximately 10.3 years remaining. The building includes both office and warehouse space, along with an expansive yard suitable for large vehicles. The Bureau of Land Management utilizes the entire 10,006 square feet of net rentable space, managing over 500,000 acres of public land from this location. The lease includes rent bumps, and the property's NOI is $237,176. This specialized facility, built to the tenant's specifications, presents significant barriers to entry and substantial long-term income potential. The property's address is 1313 US-160, Monte Vista, CO 81144, and the APN is 3705100078. The fee-simple ownership offers a secure and stable investment with potential for lease expansion within the existing 14,000 square foot building.

Highlights

  • Single-tenant, net-leased to the U.S. Federal Government (Aaa credit rating).
  • 20-year, firm lease with 10.3 years remaining; no tenant termination rights.
  • 2015-built, 14,000 SF facility built-to-suit for the Bureau of Land Management.
  • Specialized 4-acre facility with office, warehouse, and expansive yard; high barriers to entry.
  • Serves the Bureau of Land Management's San Luis Valley Field Office, managing over 500,000 acres of public land.
  • Lease expansion potential; tenant currently occupies 10,006 SF of the 14,000 SF building.

Property Details for 1313 Us-160

Property type
Office properties
Square Feet
14,000 SF
Year Built
2015
Buildings
1
Stories
1
Lot Size (sq. ft)
174,240 SF

Location Insight

City
Monte Vista
County
Rio Grande
State
Colorado
Latitude
37.5735283
Longitude
-106.1251069
1313 Us-160, Monte Vista, Colorado

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1313 Us-160
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