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15 E Benchmark Rd 18,499 SF 100% Leased Retail Building Avon, CO 81620 For Sale
INVESTMENT HIGHLIGHTS
- Rarely available standalone building in the center of Avon
- Brand new NNN lease with seller for the ground level at $27/SF/YR NNN
- Surrounded by shops, restaurants, hotels, and a short walk to the Westin Riverfront Gondola
- 0.85 AC parcel in flexible Town Center zoning
- Current zoning allows for the conversion of the second and third level to residential
- Avon Station is steps away from the property, offering public transportation throughout the state
EXECUTIVE SUMMARY
15 E Benchmark Road is an 18,499 SF standalone office building situated on a 0.85 AC parcel in the center of Avon, Colorado. The property is conveniently located within walking distance of all of Avon’s amenities, such as restaurants, shops, hotels, professional services, Nottingham Park, I-70, US Highway 6, and the Westin Riverfront Gondola.
Avon’s public transportation hub, Avon Station, is less than 500 feet from the property. Here, passengers can access fare free travel throughout Eagle County on Town of Avon and CORE Transit bus routes. Additionally, Colorado Department of Transportation-run, Bustang and Pegasus, both make stops at Avon Station, offering public transportation throughout the entire state.
As part of this offering and at the time of closing, the Seller will sign a brand new, five-year NNN lease for approximately 5,052 SF on the first floor of the building. Annual base rent will start at market rate, $27 / SF. The remainder of the building will be delivered vacant, providing future ownership with the opportunity to utilize the second and third floor themselves, or lease them out to other office users. Alternatively, the remaining space could be converted from traditional office to residential as it is a permitted use under Town Center zoning.
Avon’s public transportation hub, Avon Station, is less than 500 feet from the property. Here, passengers can access fare free travel throughout Eagle County on Town of Avon and CORE Transit bus routes. Additionally, Colorado Department of Transportation-run, Bustang and Pegasus, both make stops at Avon Station, offering public transportation throughout the entire state.
As part of this offering and at the time of closing, the Seller will sign a brand new, five-year NNN lease for approximately 5,052 SF on the first floor of the building. Annual base rent will start at market rate, $27 / SF. The remainder of the building will be delivered vacant, providing future ownership with the opportunity to utilize the second and third floor themselves, or lease them out to other office users. Alternatively, the remaining space could be converted from traditional office to residential as it is a permitted use under Town Center zoning.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
18,499 SF
Building Class
B
Year Built
1994
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.50
Lot Size
0.85 AC
Opportunity Zone
Yes
Zoning
Town Center - TC
Frontage
466’ on West Beaver Creek Bouleva
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R014846 | Improvements Assessment | $973,420 |
| Land Assessment | $413,210 | Total Assessment | $1,386,630 |
PROPERTY TAXES
Parcel Number
R014846
Land Assessment
$413,210
Improvements Assessment
$973,420
Total Assessment
$1,386,630
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15 E Benchmark Rd
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