916 N Summit Blvd - Loft/Creative Space FOR SALE


Frisco, CO 80443
$1,150,000 USD
720-291-6476
916 N Summit Blvd, Frisco, CO for Sale
$1,150,000 USD
Loft/Creative Space - FOR SALE
1/2
null | 6.61% Cap Rate

916 N Summit Blvd
Frisco, CO 80443


HIGHLIGHTS

  • 1005 Leased

OVERVIEW

916 N Summit Boulevard is located in Frisco, Colorado. The improvements were constructed in 1985. It is about 2,000 square feet. This single tenant, commercial condominium is one half two tenant, pad building. This Condo is leased to Summit Country Mountain Retreats (SCMR). The SCMR currently pays $76,000 per year NNN until September 1st, 2025 at which time the rent increases to $79,000 per year NNN. The lease then increases to $82,000 per year until the lease term August 31st, 2027. The tenant has three additional options of three years each. The lease amount increases 5% per year, during the option periods. 916 N Summit Blvd is perfect for a small 1031 exchange buyer with income growth that beats inflation

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$230 USD /SF

CAP RATE

6.61%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Antlers Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,285 SF

ZONING

FAO

APN/PARCEL ID

6509447,6509450

ASK ABOUT THIS PROPERTY

Alexander T. HoltzenKimose Commercial Real EstateMore Info
720-291-6476

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Alexander T. HoltzenKimose Commercial Real EstateMore Info
720-291-6476

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