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1845 Range St 15,320 SF Vacant Industrial Building Boulder, CO 80301 $3,000,000 ($195.82/SF)

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Executive Summary

The Kramer Group of Marcus & Millichap is pleased to present this exclusive listing for 1845 Range Street, a 15,320-square-foot industrial warehouse located in Boulder, Colorado, just east of Foothills Parkway and Arapahoe Road. Built in 1974, this masonry-steel hybrid building has CMU block wall with a steel frame supporting a sloped EPDM rubber membrane roof, recently passing City of Boulder inspection process. On the roof there are more than 10 HVAC units, and the building has had a generous amount of electrical work, totaling 9,000 amps of three-phase power. There are six bathrooms strategically placed for multiple tenants, seven roll-up doors (four loading docks, three drive-ins) perfect for loading and distribution, in addition to 14-foot clear heights. This multi-tenant building currently has one tenant occupying 2,695 square feet (18 percent) leaving 12,625 square feet (82 percent) vacant. The lone tenant is Leotele Botanicals who produces CBD oils and extracts. They have occupied the space since 2017 and currently pay $23.42 per square foot gross, with a lease expiration on October 31, 2026. The vacant space is currently divided into multiple rooms with temporary walls and can be repositioned to accommodate multiple tenants or a single tenant. 12,624-square-foot space is currently available for rent at $19 per square foot NNN. Current CAM is estimated at $7-9 SF.

1845 Range Street - OM - V2

Property Facts

Price	$3,000,000	Rentable Building Area	15,320 SF
Price Per SF	$195.82	No. Stories	1
Sale Type	Investment or Owner User	Year Built/Renovated	1971/2017
Property Type	Industrial	Parking Ratio	2.09/1,000 SF
Property Subtype	Warehouse Flex Light Manufacturing Industrial Distribution Industrial Manufacturing	Clear Ceiling Height	16’
Building Class	C	No. Drive In / Grade-Level Doors	5
Lot Size	0.85 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	IG

Price	$3,000,000
Price Per SF	$195.82
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Warehouse Flex Light Manufacturing Industrial Distribution Industrial Manufacturing
Building Class	C
Lot Size	0.85 AC
Rentable Building Area	15,320 SF
No. Stories	1
Year Built/Renovated	1971/2017
Parking Ratio	2.09/1,000 SF
Clear Ceiling Height	16’
No. Drive In / Grade-Level Doors	5
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	IG