Active
511 Spring Buck Road
Gypsum CO, 81637
$5,850,000
$332.93 per sqft
Active
17,571 sqft
Commercial
Built in 2022
511 Spring Buck Road is a 17,571 SF light industrial building located in Gypsum, Colorado. The property was constructed in 2022 for CPS Distributors (''CPS''), which currently occupies the building and the majority of the parcel, on a long-term lease with a five-year initial term and three, five-year renewal options. CPS specializes in wholesale distribution of landscape supplies and does not have a direct competitor in Eagle County. The lease is structured as NN with the Tenant paying for property taxes and general maintenance of the property. The Landlord is responsible for insuring the property and certifying the roof and structure are properly maintained.
The parcel totals 2.16 acres, of which approximately 0.32 acres is undeveloped and not leased by the Tenant. This excess acreage could support an additional 5,000 square foot building, or leased as-is, providing an immediate value-add opportunity.
Situated in Gypsum's light industrial zoning district, the property is surrounded by the bulk of Eagle County's contractor and skilled trade base. This is the only area in the county that has a meaningful amount of land dedicated to this use. It is a crucial part of the community, serving the needs of up-valley areas, such as Edwards, Avon, Beaver Creek and Vail, that drive the economy of the county.
1010656
MLSⓇ ID
November 13, 2024
Listed
November 22, 2024
Updated
Map
511 Spring Buck Road
Gypsum CO, 81637
Interior Features
Total Stories
2
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
2.16 Acres
Other Property Details
Area Name
Gypsum
Taxes
$51,107
Tax Frequency
Annually
Garage
No
Parking
Parking Lot
View
No
County
Eagle
Water Source
Public
Pool
No
Zoning
Light Industrial
Listed by: Fortius Commercial Advisors, Erich Schmidt,
Listing Contact: 970-306-0313
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Data last updated 2:14 PM UTC, 11/22/2024