916 N Summit Blvd
Frisco, CO 80443

• Unit Size: 2,000 SF
• Condo Use: Office/Retail
• Price: $1,100,000 USD
• Sale Type: Investment
• Price/SF: $550.00 USD

Description

Partial first floor and entire 2nd floor. Retail and office use.

Sale Notes

916 N Summit Boulevard, Unit 1, is located in Frisco, Colorado. The improvements were constructed in 1985. It is approximately 1,917 square feet. This single tenant, commercial condominium is one 3rd of a three tenant, pad building. This Condo is leased to Luxury Mountain Retreats LLC, d/b/a Summit County Mountain Retreats (SCMR) supplying Summit County with superior property management and rental service for over 15 years. SCMR was acquired in late 2025 by a large PE backed company for approximately $43 Million Dollars. They have around 8,000 units under management and acquired SCMR with the intention to grow their presence in Frisco and Copper Mountain.

SCMR currently pays $82,000 per year. The lease commenced September 1st, 2022 and expires August 31st, 2030. The Tenant has one additional options of three years each. The lease amount increases 5% per year. Because this property is essential to SCMR's core operations they decided to execute one of their options to extend the lease approximately 15 months before their lease renewal date. The 916 N Summit Blvd, Unit 1 is a perfect for a small 1031 exchange buyer with income growth that beats inflation.

The property is in great condition. The president of the HOA is the original developer of the building and has taken meticulous care of the property over the years. The building was fully painted and all exterior lighting upgraded around two years ago. They also installed a new roof around five years ago.