INDUSTRIAL INVESTMENT OPPORTUNITY FULLY LEASED AT 8.25% CAP RATE. 521 Santa Fe Drive is a multi-tenant industrial property just minutes from downtown Pueblo. The property is composed of 5 buildings. The buildings range from 1,000 sf to 5,500 sf which appeals to a variety of tenants. The property is over 100% leased. Yes, over 100% leased -- all 5 buildings are leased PLUS the yard space in the back is leased. 6 tenants paying a total of $7,000 per month. The leases expirations are staggered -- some tenants have 2 years left on their lease -- meaning you will have stable cash flow for years to come. Approximately 5,300 sqft is leased month-to-month -- allowing an owner user to occupy space while collecting cash flow from the remaining space. I-3 Zoning in Pueblo is very limited. At the time of this writing, this is one of the few industrial properties available with I-3 zoning. There is limited future inventory coming to market -- which means higher rents and appreciation for owners of I-3 properties. TAKE ADVANTAGE OF THIS OPPORTUNITY NOW.
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