Listed by Marcus & Millichap - San Diego, Colliers - Little Rock, Arkansas
$15,107,031
TRP LABORATORIES | ABSOLUTE NET w/ 3.5% ANNUAL INCREASES
Details
APN 0182132309004
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 81,121
Units 5
Cap Rate 6.73%
NOI $1,016,325
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 10/30/2043
Remaining Term 17.4
Rent Bumps Yes
Class A
Year Built 1997
Year Renovated 2003
Stories 2
Acreage 4.770
Investment Type Net Lease
Ground Lease No
Industrial | 6.73% CAP | 81,121 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310474/trp-laboratories
Investment highlights
- 18+ Year Absolute Net Lease Featuring Above Market 3.5% Annual Rental Increases throughout the Initial Term and Options. Location Utilized as an Office, Research and Development Facility.
- Positioned Along Area’s Major Industrial and Manufacturing Corridor: Features Easy Access and Excellent Visibility Adjacent to Chambers Rd with Daily Traffic Counts Exceeding 23k Vehicles.
- Aurora is a Rapidly Growing City and Key Industrial Hub in the Denver Metro, offering an ideal Setting for Manufacturing, Logistics, and Industrial Operations.
- TRP Laboratories is a Leader in Transportation Sciences, Offering Comprehensive Testing Services for Powertrains, Components, and Vehicle Systems. The Company provides Engine Testing, Environmental Analysis, and Engineering Support.
- In Close Proximity to Buckley Space Force Base - a Critical Hub for Space Operations and National Defense. It supports Satellite Operations, Missile Defense, and Space Surveillance, playing a Key Role in U.S. Space Strategy.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $85k and over 318k People Residing within a 5-Mile Radius.
- Down the Street from UCHealth University of Colorado Hospital - a Leading Academic Medical Center, offering Advanced Healthcare Services. It is home to over 600 Beds and provides Comprehensive Care, Research and Education.
- The Site is near Major Highways, including I-70 and I-225, providing Efficient Connectivity to Denver and Key Areas, ensuring Smooth Transportation and Distribution Operations.
Listing Contacts
Listed by Marcus & Millichap - San Diego, Colliers - Little Rock, Arkansas
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,016,325.00
$84,693.75/mo
Valuation Metrics
0
DSCR
6.73%
Cap Rate
6.73%
ROI
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