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Welcome to Prospect New Town, situated at the gatewaybetween Boulder and Longmont. This is a Single Tenant NNN Opportunity that was constructed in 2010. This 1,031 square foot condominium allows for both retail and/or office space uses. The space has a large open area that the Tenant has divided into several design areas, ADA restrooms and a small office space. Please note, the Kitchen is for display purposes only and is not aworking kitchen. Additionally, there is a one car garage for the space as well. There is currently a lease in place with Landsea Homes Corporation, who is using the building as their design center. Landsea Homes Corporation is a publicly traded company on the NASDAQ. The stock symbol is "LSEA" Landsea has nearly a half abillion dollars in market value as of December 22, 2023.The rent for the property is $1,500 per month and the Tenant is responsible for all NNN expenses on an absolute net basis. Beginning on December 1st, 2024, the base rent increases to $1,625 per month plus all NNN expenses. The lease expires on November 30th, 2025. The lease extension does have a provision to allow the Tenant to have an early termination right with 4 months notice. During this four month period, the lease rate would increase to $2,250.00 per month.
DAYS ON MARKET | 104 | LAST UPDATED | 1/16/2024 |
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TRACT | Neon Forest Condos | YEAR BUILT | 2010 |
COMMUNITY | Longmont | COUNTY | Boulder |
STATUS | Active | PROPERTY TYPE(S) | Commercial |
ADDITIONAL DETAILS | |
AIR | Refrigeration/HVAC |
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AIR CONDITIONING | Yes |
AREA | Longmont |
BASEMENT | None, Yes |
CONSTRUCTION | Brick/Brick Veneer |
HEAT | Forced Air |
LOT | 6970 sq ft |
SEWER | City Sewer |
SUBDIVISION | Neon Forest Condos |
UTILITIES | Natural Gas Available, Electricity Available |
WATER | City Water, City |
ZONING | PUD |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Keith Kanemoto, RE/MAX Traditions Commercial
Last updated: 4/28/24 7:06 PM PDT
Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed by the MLS
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. Copyright IRES 2024.
Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed by the MLS
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. Copyright IRES 2024.
This IDX solution is (c) Diverse Solutions 2024.