3410 Townsend AveMontrose, CO 81401

Property Details for 3410 Townsend Ave

Year built

2024

Lot size

1.70 AC

Property size (Sq ft)

10,000 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional investment opportunity presents a brand-new, 10,000-square-foot Class A industrial distribution center in Montrose, Colorado. Located at 3410 N Townsend Ave, 81401, this single-story building boasts a 20-24 foot ceiling height, one loading dock with one dock-high door, and sits on a 1.7-acre lot. The property features a modern design with a stucco and brick facade. It is currently 100% occupied by a credit-rated national tenant, Rexel, under a 7-year NNN lease commencing August 1, 2024, and expiring July 31, 2031. The lease includes two five-year renewal options and features 2% annual rent escalators. The initial Net Operating Income (NOI) is $210,000, projected to reach $250,800 by year seven, resulting in a current cap rate of 6.6% and a pro-forma cap rate of 7.4%. The asking price is $3,181,810, translating to $338.50 per square foot. The property is zoned B3 and represents a compelling investment opportunity due to its strong tenant, long-term lease, and attractive cap rate. This is an ideal asset for investors seeking a stable, high-return investment or those participating in a 1031 exchange.

Location Insight

City

Montrose

County

Montrose

State

Colorado

Latitude

38.5133

Longitude

-107.915

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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 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 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].