Listed by CBRE - Fort Collins
$3,950,000
8925 Pieper Road
Details
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 24,560
Cap Rate 6.90%
NOI $285,048
Tenancy Multi
Lease Type NNN
Price per SqFt $161
Year Built 2016
Buildings 3
Acreage 2.120
Parking Spaces 52 spaces
Parking Per SqFt 2.12
Investment Type Owner/User
Ceiling Height 19’ Front | 16’ Back
Dock High Doors 16
Owner/User Industrial Property Sale with Income
Marketing description
The Boxelder Business Park is located in Wellington, Colorado which is a growing submarket of Fort Collins. It provides an alternative for businesses seeking industrial space outside of Fort Collins, which has become expensive and has limited availability for industrial development.
It’s location between Fort Collins and Cheyenne, Wyoming, and it’s flexible warehouse design make it an appealing option for companies looking to establish a physical presence in the area. The development includes a 52 space parking lot.
CBRE, Inc., as exclusive agent for the Seller, is pleased to present the sale of Lots 5 and 6, Boxelder Business Park, known 8925 Pieper Road in Wellington, Colorado. Strategically located next to I-25, which directly connects with both I-80 and I 70, this multi-tenant flex property consists of three office/warehouse buildings.
Built in 2016/2018, each office/warehouse is of metal construction, and has a new (as of 2022) composite roof warrantied for 20 years. The height is 19’ in the front and 16’ in the back portion of each warehouse. Each unit has a main entrance that opens into an open space which also houses an office and a restroom. There is radiant overhead heating in each warehouse. Current Tenants reimburse landlord for property taxes.
Building A has 12,960 SF, building B has 5,600 SF, and building C has 6,000 SF for a total of 24,560 SF. Owners just completed the concrete parking lot (6-8 inches thick with steel rebar).
Investment highlights
- Power: 60 amps/152 volts/single & 3 phase
- Floor Plan: Open office, bathroom & overhead doors
- Roof: Composite - New 2022
Listing Contacts
Listed by CBRE - Fort Collins
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$285,048.00
$23,754.00/mo
Valuation Metrics
0
DSCR
7.22%
Cap Rate
7.22%
ROI
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