1008 South StCastle Rock, CO 80104

Property Details for 1008 South St

Property size (Sq ft)

1,200 SF

Property type

Office properties

Property subtype

Office space

Description

This exceptional investment opportunity presents a pre-leased 1,590-square-foot flex space located at 1008 South I-25 Unit B09, Castle Rock, CO 80104. The property, zoned for light industrial use, boasts a compelling 8.5% cap rate and a strong net operating income (NOI) of $39,750, projected to increase to $44,501. The asking price is $523,544.47, translating to a price per square foot of $436.29. Currently under a triple-net (NNN) lease with a single tenant for three years, commencing June 1, 2024, and expiring May 31, 2027, this property offers a secure and profitable investment. Key features include a 24' 1.625" ceiling height, energy-efficient LED lighting, insulated masonry construction, and mezzanines for added space. Additional amenities include finished private restrooms, 24/7 access, wide paved aisles, and a 4' x 14' overhead door with operators. The property's versatile design makes it ideal for a variety of small businesses, offering customizable interiors and ample storage space. This is a cost-effective solution for business owners and investors, offering tax benefits and the potential for significant equity growth. The property consists of 37 units.

Location Insight

City

Castle Rock

County

Douglas

State

Colorado

Latitude

39.3694

Longitude

-104.847

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