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428 Kimbark St Longmont, CO 80501
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Key Details
Sold Price $800,000
Property Type Commercial
Sub Type Sale: Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,925 sqft
Subdivision Longmont Ot
MLS Listing ID 1001656
Sold Date 03/01/24
HOA Y/N false
Abv Grd Liv Area 2,925
Originating Board IRES MLS
Year Built 1966
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Single Tenant NNN Opportunity in downtown Longmont!This 2,925 square foot freestanding building is the ideal spot for any office user seeking ample office space, parking and convenience! Currently, this building is configured for an office user with multiple private offices and cubicle spaces, a conference room, a kitchenette, and two ADA restrooms, one of which has a shower. Just a leisurely stroll to Main Street (Highway 287) where you'll find everything you may need, including, restaurants, retail, banking and more! There is currently a lease in place with Landsea Homes Corporation, who is using the building as an administrative and management office for their Colorado operations. Landsea Homes Corporation is a publicly traded company on the NASDAQ. The stock symbol is "LSEA" . Landsea has nearly a half a billion dollars in market value as of December 22, 2023.The rent for the property is $4,574.00 per month and theTenant is responsible for all NNN expenses on an absolutenet basis. Beginning on December 1st, 2024, the base rentincreases to $4,711.00 per month plus all NNN expenses. The lease expires on November 30th, 2025.
Location
State CO
County Boulder
Area Longmont
Zoning MUD
Rooms
Basement None
Interior
Heating Forced Air
Cooling Refrigeration/HVAC
Exterior
Utilities Available Natural Gas Available, Electricity Available
Waterfront false
Roof Type Composition
Building
Sewer City Sewer
Water City Water, City
Structure Type Stucco
New Construction false
Others
Senior Community false
Tax ID R0055793
SqFt Source Assessor
Special Listing Condition Private Owner
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Bought with The Colorado Group