Building Details:
• Year Built: 1962
7351 Magnolia St is located in Commerce City, CO.
A rare investment opportunity for the passive investor or institution in northern Denver suburb. This single level brick building is leased by the United States Post Office Service (USPS) through January 13, 2018 (leased at present through January 13, 2013 at $55,740 per year; option to renew commencing January 14, 2013 and ending January 13, 2018 for five years at $61,314 per year). Triple Net (NNN). Central Air Conditioning. Four bay exterior platform and dock. Abundant site parking.
The building maintenance agreement specifies that the USPS will be responsible for all maintenance except for the roof system and building structure. USPS carries casualty and liability insurance which covers most structural risks. New roofs usually come with twenty year warranties.
The Property Detail Report from Adams County for the Tax Year 2009 states the total building square footage at 7,800...site area of 0.57 acres...the 2009 Property Tax at $7,920 (paid by Lessee)...and the year built at 1962.
Located in central and bustling Commerce City...easily accessible from CO HWY 2 (Colorado Blvd).
Financials are available with signed/dated confidentiality agreement. Email: bruceroyer@remax.net Web Site: www.coloradosbestbroker.com
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- Lance Somerville, agent and Rofo Pro