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975 N Ten Mile Drive E7 & E 5 Photo 1
Favorite 975 N Ten Mile Drive E7 & E 5 FRISCO, CO 80443 | Frisco
$729,600

  • Property Type
    Commercial
  • Subdivision
    DRAKE LANDING CONDO
  • Listing Date
    08/07/20
  • MLS#
    S1020898
  • Year Built
    2001
  • 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.

Presented By

Stacy Shelden - Slifer Smith & Frampton Real Estate
Stacy Shelden
Phone
970-389-6811

I'm Interested

Available Utilities
  • Cable Available
  • Electricity Available
  • Natural Gas Available
  • Phone Available
  • Sewer Available
  • Water Available
Heating
  • Central
  • Hot Water
  • Radiant

Financial Information

Current Tax Year
2019

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Listing courtesy of Re/Max Properties/66

RDX