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    975 N Ten Mile Drive , E7 & E 5

    Frisco, CO 80443
    • $729,600
    • STATUS: Pending
    • ON SITE: 52 days
    • MLS #: S1020898
    Pending
    UPDATED: 52 min ago
    $729,600
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2001
    County:
    Area:

    School Ratings & Info

    Description

    Price includes over $700K of hard construction leasehold improvements. The only periodontist and endodontist in all of Summit! Good lease in place for next 3 years, but the gold is at the end of current lease. Rental rate will escalate significantly with yearly increases creating an incredible upside to this opportunity. See attached IRR. IRR assumes a $400/sf purchase price ($729,600); rent increase to $30/sf on a lease renewal April 1, 2024 anda sales price of $500/sf less a RE commission.

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    © 2020 Summit MLS, Inc., a wholly owned subsidiary of Summit Association of REALTORS®. All rights reserved. The information being provided is for the consumer's non-commercial, personal use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. The information provided is not guaranteed and should be independently verified. You may not reprint or redistribute the information, in whole or in part, without the expressed written consent of Summit Association of REALTORS®. Data last updated: 2020-09-29T12:27:22.44.
    www.summitliving.com/homes/108658594
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    975 N Ten Mile Drive , E7 & E 5 Frisco, CO 80443

    • Price: $729,600
    • Status: Pending
    • Updated: 52 min ago
    • MLS #: S1020898
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2001
    Built
    Neighborhood:
    Drake Landing Condo
    County:
    Summit
    Area:
    Frisco
    Property Description
    Price includes over $700K of hard construction leasehold improvements. The only periodontist and endodontist in all of Summit! Good lease in place for next 3 years, but the gold is at the end of current lease. Rental rate will escalate significantly with yearly increases creating an incredible upside to this opportunity. See attached IRR. IRR assumes a $400/sf purchase price ($729,600); rent increase to $30/sf on a lease renewal April 1, 2024 anda sales price of $500/sf less a RE commission.
    Interior Features

    Building Area Total 1824 Cooling Central Air Heating CentralHot WaterRadiant

    Property Features

    Association Amenities Snow RemovalTrash Business Name Denver Dental Specialties Business Type Professional Service Electric 220 Volts Exclusions Yes Tax Annual Amount 4420 Tax Lot E7 & E 5 Tax Year 2019 Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Water Source Public Zoning Description Commercial

    © 2020 SAR MLS
    Listing provided courtesy of Re/Max Properties/66.


    © 2020 Summit MLS, Inc., a wholly owned subsidiary of Summit Association of REALTORS®. All rights reserved. The information being provided is for the consumer's non-commercial, personal use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. The information provided is not guaranteed and should be independently verified. You may not reprint or redistribute the information, in whole or in part, without the expressed written consent of Summit Association of REALTORS®. Data last updated: 2020-09-29T12:27:22.44.
     
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    Colorado Real Estate Summit County, LLC
    358 Blue River Parkway, Suite G, POB 2960
    Silverthorne CO, 80498