Rifle, CO 81650,1944 Airport Road
Rifle, CO 81650,1944 Airport Road
Rifle, CO 81650,1944 Airport Road
7
$2,850,000
$2,850,000
Est.Price: ?

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1944 Airport Road Rifle, CO 81650

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SOLD DATE : 12/22/2022

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Key Details

Sold Price $2,850,000

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 20224979

Sold Date 12/22/22

Annual Tax Amount $4,367

Lot Dimensions 233 X 340

Property Description

BRAND NEW Commercial Investment Property located off of I-70 interstate in Rifle, Colorado with a 7% cap rate return. This 14,000+ SF warehouse was completed in 2022, and is divided into two (2) separate units. Unit A is 8,144 SF (58%) and will contain an owner leaseback subject to negotiations but projected at 2-5 years @ $14.22/SF/Yr + NNNs. Unit B is 5,880 SF with opportunity to add an additional 2,144 SF of office and is currently being offered for lease at $14.39/SF/Yr. + NNN. Property is located in the heart of Rifle Business Park with great visibility/access from the Interstate and is equipped with 3-Phase power, contains 4 overhead doors, and sits on 1.46 acres. Strong Commercial Investment with a newly constructed building projecting an NOI of over $200,000, a 7% Cap Rate of Return.

Location

State CO

County Garfield

Area Rifle

Direction I-70 to east Rifle exit, south to second round about then east on Airport Road, approximately 1/2 mile to 1944 Airport Rd

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Listed by BRAY/COMMERCIAL
Bought with GRAND JUNCTION AREA REALTOR ASSOC

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Jerid Wempen

Broker

+1(720) 297-4020

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