Suzanne Walsh - Coldwell Banker Distinctive Properties
2673 Jacob Cir., #2 & #3
Steamboat Springs, CO 80487

Description

Excellent NNN investment opportunity at a 7.5% CAP. Tenant has installed an expensive, state-of-the-art climbing wall and gym facilities in a well-managed building. Owner has the opportunity to realize a strong return with minimal management. Tenant has two more years on current lease with an option to extend and strong motivation to remain in this location given the significant investment in the build out and fixtures. HOA takes care of building maintenance, snow removal and other upkeep. This is the only serious climbing facility in our extremely outdoorsy town and is poised to keep growing.

Details

MLS#S171011
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site358

Features

SQ Feet5,698
Story(s)1
ZoningIndustrial

Market Activity 80487

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Area Information

StateCO
CountyRoutt
CitySteamboat Springs
Zip Code80487
AreaRoutt
Listing VS Median (in 80487)
Price:
$885,000
low | high
Med:
$594,750
82.796610169492% of Average
SqFt:
5,698
low | high
Med:
1,652
100% of Average
$ / SqFt:
$155
low | high
Med:
$482
100% of Average
On Site:
358
low | high
Med:
134.5
100% of Average
Listing Updated: 11/12/2018
MLS Number: S171011
Listing Provided By:
Chris Paoli  of  COLORADO GROUP REALTY
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