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1110 Neon Forest Cir , B

Longmont, CO 80504
  • $280,000
  • STATUS: Active
  • ON SITE: 40 Days
  • MLS #: 1001655
$280,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2010
County:

School Ratings & Info

Description

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.

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© 2024 Information and Real Estate Services, LLC. IDX 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 is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Northern Colorado - Old Town. Data last updated: 2024-02-25T23:42:03.243.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.discovercoloradohomes.net/homes/146675670
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1110 Neon Forest Cir , B Longmont, CO 80504

  • Price: $280,000
  • Status: Active
  • On Site: 40 Days
  • MLS #: 1001655
0
Beds
0
Baths
0
½ Baths
0.16
Acres
2010
Built
Neighborhood:
Neon Forest Condos
County:
Boulder
Area:
04 Longmont City Limits
Property Description
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.
Exterior Features

Construction Materials Brick/Brick Veneer Horse YN No Roof Composition Spa YN No Waterfront YN No

Interior Features

Basement None Building Area Total 1031 Cooling Refrigeration/HVAC Cooling YN Yes Heating Forced Air Heating YN Yes Living Area Source Assessor

Property Features

Association YN No Business Type Office Condominium Cap Rate 0 Ditches Active YN No Electric Electric Exclusions All Seller's Personal Property Gas Natural Gas Gross Income 0 Has Improvements No Has Water Rights No Listing Sub Status None Listing Terms CashConventional Locale Longmont Net Operating Income 0 New Construction YN No Operating Expense 0 Property Condition Not NewPreviously Owned Property Sub Type Sale: Commercial/Industrial Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tenant Pays Deposit Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Zoning PUD

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Keith Kanemoto of RE/MAX Traditions Commercial: 3037723800.



© 2024 Information and Real Estate Services, LLC. IDX 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 is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Northern Colorado - Old Town. Data last updated: 2024-02-25T23:42:03.243.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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Keller Williams Realty Northern Colorado - Old Town
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