For Sale
$3,900,000

1045 Santa Fe Ave Pueblo, CO 81006

83,671 SF, 12 acres, 7.7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a fully leased, multi-tenant industrial portfolio totaling 83,671 square feet on a 12-acre site in Pueblo, Colorado. The property, comprised of eight single-story buildings, boasts a diverse tenant mix including national companies like Ryder Logistics, CED/Greentech, and Ferguson Plumbing, ensuring stable income and strong market fundamentals. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $301,715.98, yielding a compelling 7.70% capitalization rate. The asking price is $3,900,000, translating to $8.83 per square foot. Built in 1955 and zoned I2 (Light Industrial), the property benefits from a prime location strategically situated between Santa Fe Avenue and I-25, offering excellent visibility and easy access to major transportation arteries. The property is located in an Opportunity Zone and is minutes south of downtown Pueblo. Over $1,000,000 in capital improvements have been implemented in the past 18 months, including a new TPO roof and new HVAC systems in the office spaces. The property features 3-phase electrical service. While some buildings previously served as a dairy facility and lumber yard, the current configuration offers a mix of office and warehouse space. Lease expirations vary, with at least one lease extending to November 11, 2025. This portfolio presents a rare opportunity to acquire a high-performing industrial asset with significant upside potential.

Highlights

  • Prime location between Santa Fe Avenue and I-25.
  • Situated in an Opportunity Zone.
  • High I-25 visibility with convenient I-25 access.
  • Minutes from Downtown Pueblo.
  • Strong tenant mix including national tenants like Ryder Logistics, CED/Greentech, and Ferguson Plumbing.
  • Over $1 million in capital improvements within the last 18 months.

Property Details for 1045 Santa Fe Ave

Property type
Retail properties, Mixed-use properties
Square Feet
83,671 SF
Year Built
1955
Buildings
8
Stories
1
Lot Size (sq. ft)
522,720 SF

Location Insight

City
Pueblo
County
Pueblo
State
Colorado
Latitude
38.2474358
Longitude
-104.6091972

FAQs

What type of property is this?
Retail property - 83,671 SF, 12 acres, 7.7% Cap Rate
Where is the retail property located?
The property is located at 1045 Santa Fe Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Prime location between Santa Fe Avenue and I-25.; Situated in an Opportunity Zone.; High I-25 visibility with convenient I-25 access.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1045 Santa Fe Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message