975 Ten Mile Drive #E7 & E 5,
Frisco, CO 80443

$729,600
Updated: 3 weeks, 3 days ago
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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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Main Information

  • County: Summit
  • Property Type: Commercial Sale
  • Property Subtype:
  • Built: 2001

Exterior Features

  • Roof: Asphalt
  • Water Source: Public

Interior Features

  • Heating: Central, Hot Water, Radiant

Location Information

  • Area: Frisco
  • Legal Description: UNIT E7 & E 5 DRAKE LANDING CONDO PHASE 4
  • Lot Number: E7 & E 5
  • Parcel Number: 6511090

Additional

  • Available Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Days on Market: 43
  • Zoning Code: Commercial

Financial Details

  • Current Tax Amount: $4,420
  • Current Tax Year: 2019
  • Possession: Delivery Of Deed
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We are open and approachable to all inquiries, questions, or comments. Please don’t hesitate to reach out with the contact form, or call us at
970-470-3001