2905 Patterson Road
About this property
Attention all investors! Owner is retiring and selling both of their 9000 sq ft. fully leased commercial buildings on the corner of 29th & Patterson Road in the Safeway complex. Most of the tenants & leases are long term. Both the East (2913) and West (2905) buildings are for sale. Both buildings are for sale. 2905 (West building) is presently at a .083 cap rate. 2913 is at a .085 Cap Rate. Land lease is 1.2 acres on 2905 building and 1.94 acres on 2913 building. Seller is twenty years into a 70 year lease on the land for both buildings from Albertsons Corporation. Great opportunity to own two marque commercial building with great ROI opportunity.
About this property
Attention all investors! Owner is retiring and selling both of their 9000 sq ft. fully leased commercial buildings on the corner of 29th & Patterson Road in the Safeway complex. Most of the tenants & leases are long term. Both the East (2913) and West (2905) buildings are for sale. Both buildings are for sale. 2905 (West building) is presently at a .083 cap rate. 2913 is at a .085 Cap Rate. Land lease is 1.2 acres on 2905 building and 1.94 acres on 2913 building. Seller is twenty years into a 70 year lease on the land for both buildings from Albertsons Corporation. Great opportunity to own two marque commercial building with great ROI opportunity.
Features and Additional Information
Presented By Coldwell Banker Distinctive Properties Durango
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Brokerage: RE/MAX 4000, INC
