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22862641
22862640

1400 -1420 Overlook, Lafayette, CO 80026

AV
CO FA.100035064
Cushman & Wakefield - Denver, Colorado
AR
CO FA.001325041
Cushman & Wakefield - Denver, Colorado
TS
CO FA.040045514
Cushman & Wakefield - Denver, Colorado
Listed by Cushman & Wakefield - Denver, Colorado
Unpriced
678 days on market
Updated 38 days ago

1400 -1420 Overlook

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 28,800
Occupancy 100%
Tenancy Single
Lease Type Net
Lease Term 5
Year Built 1997
Acreage 2.490
Ceiling Height 14’-18’

Industrial | 28,800 SF

Marketing description

Cushman & Wakefield, the exclusive agent for this offering and is pleased to offer to qualified principals the opportunity to acquire 1400 & 1420 Overlook in Lafayette, Colorado. This offering represents a unique opportunity to invest in a high quality, single-tenant office/ warehouse encompassing two buildings totaling 28,800 square feet on 2.49 acres. This freestanding property offers ample parking and drive-in loading in the Northwest Denver submarket.

Investment highlights

  • Well-Positioned Location: The Property is ideally located in Denver’s Northwest submarket, one of Denver’s highly sought after submarkets. With a currently vacancy of rate of 9.1% this submarket is a desired location for companies spanning a myriad of different industries, including food processing, clean energy and high-tech manufacturing, aerospace, product supply, GSA, R&D, and general services. Businesses are lured by the talented workforce and high quality of life in Boulder County, along with easy access to Boulder and Denver metro via its convenient location adjacent to E-470 (4 minutes), near Highway 36 (10 minutes) and Interstate I-25 (11 minutes).

  • Strong Tenancy: Probi, has occupied both buildings for over 10 years and has modified both buildings over time to optimize business operations. Probi, a publicly traded company with impeccable credit and zero debt, recently reaffirmed its commitment to the project by signing a new, 5-year term lease extension. The new lease terms include a strong upside in rent over time, with 3.5% annual escalations. Probi has been in an Absolute Net Lease since the beginning of its tenancy.

  • Asset Functionality & Flexibility: The Property is currently set up as a single tenant, net leased asset. However, both buildings could be easily converted to a two-tenant solution should the tenant ever vacate. Both buildings have strong curb appeal and offer features that are attractive to tenants in this submarket.

Listing Contacts

AV
CO FA.100035064
Cushman & Wakefield - Denver, Colorado
AR
CO FA.001325041
Cushman & Wakefield - Denver, Colorado
TS
CO FA.040045514
Cushman & Wakefield - Denver, Colorado
Listed by Cushman & Wakefield - Denver, Colorado

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