511 Spring Buck Rd - Warehouse FOR SALE


Gypsum, CO 81637
$5,850,000 USD
970-239-4199
511 Spring Buck Rd, Gypsum, CO for Sale
$5,850,000 USD
Warehouse - FOR SALE
1/8
null | 6% Cap Rate

511 Spring Buck Rd
Gypsum, CO 81637


HIGHLIGHTS

  • Recently constructed metal building with ample outdoor storage
  • Fully leased to CPS Distributors, a subsidiary of The Home Depot, Inc.
  • Five-year initial lease term with three, five-year renewal options
  • Additional acreage not leased to Tenant that could be developed or leased as-is
  • Less than four miles from I-70 exit 140 and two miles from US HWY-6
  • Light industrial zoning is increasingly scarce in Eagle County

OVERVIEW

511 Spring Buck Road is a 17,571 SF light industrial building located in Gypsum, Colorado. The property was constructed in 2022 for CPS Distributors (“CPS”), which currently occupies the building and the majority of the parcel, on a long-term lease with a five-year initial term and three, five-year renewal options. CPS specializes in wholesale distribution of landscape supplies and does not have a direct competitor in Eagle County. The lease is structured as NN with the Tenant paying for property taxes and general maintenance of the property. The Landlord is responsible for insuring the property and certifying the roof and structure are properly maintained. The parcel totals 2.16 acres, of which approximately 0.32 acres is undeveloped and not leased by the Tenant. This excess acreage could support an additional 5,000 square foot building, or leased as-is, providing an immediate value-add opportunity. Situated in Gypsum’s light industrial zoning district, the property is surrounded by the bulk of Eagle County’s contractor and skilled trade base. This is the only area in the county that has a meaningful amount of land dedicated to this use. It is a crucial part of the community, serving the needs of up-valley areas, such as Edwards, Avon, Beaver Creek and Vail, that drive the economy of the county.

FOR SALE DETAILS

PRICE

$5,850,000 USD

PRICE/SF

$354 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.17

LAND SF

94,577

ZONING

Light Industrial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Erich SchmidtFortius Commercial AdvisorsMore Info
970-239-4199

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Erich SchmidtFortius Commercial AdvisorsMore Info
970-239-4199

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.