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2115 Eagle Dr 5,558 SF 100% Leased Industrial Building Pagosa Springs, CO 81147 $1,225,283 CAD ($220.45 CAD/SF) 6.68% Cap Rate
INVESTMENT HIGHLIGHTS
- Located on Hwy 160
- Traffic Count: 18k
EXECUTIVE SUMMARY
Have you wanted to move to the mountains and own a money making commercial property at the same time? Well, this is your chance. After owning this tremendous commercial opportunity for decades, the owners have decided to transition this perfectly placed commercial asset. Located on the frontage road of Eagle Drive and along highway 160, this is a prime location for drive by traffic as thousands of visitors and locals drive by this location daily. This is a plug and play opportunity with two anchor tenants being Sunglass as the main tenant and an Automotive glass repair company in the rear of the parcel. These two businesses work together in a synergistic way to afford the Owners of this parcel peace of mind when it comes to stable tenants which are producing a constant stream of income to support the current rents. Note if the main tenant ever vacates which they have the option to renew for another 2 year period with a set increase amount (refer to the lease) then the main space has the ability to be converted into a live/work environment by converting the showroom of Sunglass upstairs into an apartment. Like we have said this is a tremendous opportunity to own an income producing parcel on the main thoroughfare of Pagosa Springs.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $1,225,283 CAD | Building Class | C |
| Price Per SF | $220.45 CAD | Lot Size | 0.24 AC |
| Sale Type | Investment | Rentable Building Area | 5,558 SF |
| Cap Rate | 6.68% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2003 |
| Property Subtype | Warehouse | Opportunity Zone |
Yes
|
| Zoning | Commercial, Mixed Use - Commercial, Mixed Use | ||
| Price | $1,225,283 CAD |
| Price Per SF | $220.45 CAD |
| Sale Type | Investment |
| Cap Rate | 6.68% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.24 AC |
| Rentable Building Area | 5,558 SF |
| No. Stories | 1 |
| Year Built | 2003 |
| Opportunity Zone |
Yes |
| Zoning | Commercial, Mixed Use - Commercial, Mixed Use |
UTILITIES
- Lighting - Fluorescent
- Gas
- Water - City
- Sewer - City
1 1
PROPERTY TAXES
| Parcel Number | 569915105034 | Improvements Assessment | $70,399 CAD |
| Land Assessment | $25,394 CAD | Total Assessment | $95,793 CAD |
PROPERTY TAXES
Parcel Number
569915105034
Land Assessment
$25,394 CAD
Improvements Assessment
$70,399 CAD
Total Assessment
$95,793 CAD
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2115 Eagle Dr
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