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Home » Real Estate » CO » Longmont » 80501 » 428 Kimbark St, Longmont, CO, 80501
$800,000

428 Kimbark St, Longmont, CO, 80501

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.
Offered By
Keith Kanemoto 3037723800, RE/MAX Traditions Commercial

Property Details

Property Type Commercial Sale
Status Closed
Property Sub Type Sale: Commercial/Industrial
MLS # 1001656

Market Trends

New Properties On Market
60
54% Increase In New Listings
Average Asking Price
$659,520
$67,321 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$325
$22 Increase In List Price/Sq. Ft.
Average Days On Market
9
21 Day Decrease In Days On Market
Data as of Oct 05, 2024. Remaining statistics above are calculated on activity within the period from Aug 01, 2024 to Sep 30, 2024.

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Information deemed reliable but not guaranteed by the MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2024 IRES. Property data was last updated on 9/23/2024 at 8:57 pm