3245 E Highway 50 - Medical FOR SALE


Canon City, CO 81212
$2,566,667 USD
773-727-4285
3245 E Highway 50, Canon City, CO for Sale
$2,566,667 USD
Medical - FOR SALE
1/4
null | 8.35% Cap Rate

3245 E Highway 50
Canon City, CO 81212


HIGHLIGHTS

  • Brand New Roof - Installed October 2023 and over $80,000 in tenant improvements
  • Value-Add Opportunity - 1,931 SF of vacant space and low market vacancy
  • Long-Term Tenants - All three tenants have 10+ year history at site
  • Rent Growth - 2-3% annual rent increases during base terms and options
  • Strong Location - Directly off Highway 50 (22,000 VPD)
  • Growing Area - 3.83% population growth since 2020

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the land and building of a multi-tenant property located in Cañon City, Colorado. The Property consists of 1.57 acres and a one story, 13,721 square foot building that was built in 2003. Located directly off of US Highway 50, the subject Property sees nearly 22,000 vehicles per day and is surrounded by a mix of national and local tenants. The Tenants include Centura Health, China Garden Restaurant, and American Medical Response. The Property has 1,931 vacant space, providing the Purchaser a great Value-Add opportunity. All three Tenants have been long-term occupants at the subject Property with no plans to leave, and a weighted average lease term remaining of 3.9 years. Each Lease contains strong annual increases. BJ Feller - CO Lic. #EA.100088654

FOR SALE DETAILS

PRICE

$2,566,667 USD

PRICE/SF

$187 USD /SF

CAP RATE

8.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fremont Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

87

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

-

APN/PARCEL ID

000098104096

ASK ABOUT THIS PROPERTY

BJ FellerNorthmarqMore Info
773-727-4285

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

BJ FellerNorthmarqMore Info
773-727-4285

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