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34528855
34528854

1301 IOWA AVE LONGMONT CO 80501, LONGMONT, CO 80501 For Sale

BF
IL 471007951, WI 57176-90 (+4)
Northmarq Capital, LLC
Listed by Northmarq Capital, LLC
$12,762,000
4 days on market
Updated 4 days ago

nLight Defense Systems, Inc.

Details
Property Type Industrial
Sub Type Manufacturing, Flex (+1)
Square Footage 64,000
Net Rentable (SqFt) 64,000
Cap Rate 6.75%
NOI $861,440
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 02/28/2033
Remaining Term 6.6
Rent Bumps Yes
Lease Options 1, 5-year
Price per SqFt $199
Class B
Year Built 1973
Year Renovated 1991, 2024, 2026
Buildings 1
Acreage 5.350
Zoning MU-E
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Ceiling Height 29
Loading Docks 4
Dock High Doors 2
Ownership Fee Simple

Mission-Critical Industrial R&D and Outdoor Storage

Marketing description

Northmarq is pleased to exclusively offer for sale to qualified investors the opportunity to acquire a 64,000-square-foot office, R&D, manufacturing, and outdoor storage facility located in Longmont, Colorado (the “Property”). The Property is 100% leased to nLIGHT Defense Systems, Inc. through February 2033 under a long-term triple-net lease featuring 3.5% annual rental increases. nLIGHT Defense is a wholly owned subsidiary of nLIGHT, Inc. (NASDAQ: LASR), a leading developer and manufacturer of advanced high-energy laser systems utilized in defense, aerospace, and industrial applications.

Investment highlights

Industry-Leading Defense Manufacturing

Mission-Critical Facility Supporting Sizable Defense Contracts

Significant Capital Investment & Facility Enhancements

Passive NNN Lease Structure and Annual Increases

Strong Industrial Submarket in Aerospace, Defense & Multi-Tech Innovation Hub

Listing Contacts

BF
IL 471007951, WI 57176-90 (+4)
Northmarq Capital, LLC
Listed by Northmarq Capital, LLC

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$861,440.00
$71,786.67/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
Feller
License
CO Lic #EA.100088654
Brokerage
Northmarq
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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