For Sale
$1,500,000

688 45 RdDe Beque, CO 81630

High-return warehouse, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional investment opportunity: a stabilized, 100% occupied, Class C warehouse totaling 9,780 square feet on a 5.69-acre lot in De Beque, Colorado (81630). This single-tenant property, built in 2006, features a two-story building with 20-foot ceilings and boasts a strong corporate guarantee. The current lease, commencing December 15, 2022, and expiring December 1, 2024, includes a 3% annual rent escalation clause and a two-year renewal option. The property generates a substantial net operating income (NOI) of $102,000, resulting in a compelling 6.80% cap rate. The warehouse itself is equipped with six 14-foot automatic overhead doors, four of which are drive-through, and includes a service pit with oil pumping equipment. Additional features include a breakroom, IT room, offices, restrooms, and a storage closet. The property is fully fenced for enhanced security and has ample power (three-phase at 225V, 480V, and 225V). The asking price is $1,500,000, translating to $153.37 per square foot. This property presents a rare opportunity for a secure, high-yield investment with a proven tenant and significant upside potential. The property is zoned for commercial use.

Highlights

  • Exceptional investment opportunity: 100% occupied, 9,780 SF Class C warehouse on 5.69 acres in De Beque, CO.
  • 6.80% cap rate with 3% annual rent escalations and a two-year renewal option.
  • Two-story, 9,780 SF building.
  • 5.69-acre lot with full fencing.
  • Six 14' automatic overhead doors (four drive-through).
  • Includes service pit with oil pumping equipment.

Property Details for 688 45 Rd

Property type
Warehouses, Industrial properties
Square Feet
9,780 SF
Class
C
Year Built
2006
Buildings
1
Stories
2
Lot Size (sq. ft)
247,856 SF
Units
1

Location Insight

City
De Beque
County
Mesa
State
Colorado
Latitude
39.336443970156
Longitude
-108.21117661988
688 45 Rd, De Beque, Colorado

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688 45 Rd
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