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2865 Airport Dr 18,561 SF 100% Leased Industrial Building Erie, CO 80516 $4,300,000 ($231.67/SF)
Executive Summary
This industrial investment opportunity in Erie, Colorado, provides direct adjacency to Erie Municipal Airport and convenient access to Highway 7. The property spans 1.87 acres and features an 18,561 SF building configured for office, reception, conference areas, and a sizable warehouse equipped with repair and assembly accommodations. A substantial hangar component, added in 2005, provides oversized doors designed for aircraft and large equipment.
With long-term stability secured through a triple-net lease running through July 2035, the current tenant operates a specialized propeller repair facility, ensuring reliability for investors seeking consistent income. Current NOI stands at $256,000 with a 6.00% capitalization rate. The location allows for streamlined connectivity, situated only four miles from I-25 and 48 miles from Denver International Airport, making it a highly functional asset for aviation-linked and industrial tenants.
Positioned within Weld County, the site benefits from surrounding industrial and commercial activity, as well as proximity to major growth corridors supporting sustained demand for industrial assets in the region.
With long-term stability secured through a triple-net lease running through July 2035, the current tenant operates a specialized propeller repair facility, ensuring reliability for investors seeking consistent income. Current NOI stands at $256,000 with a 6.00% capitalization rate. The location allows for streamlined connectivity, situated only four miles from I-25 and 48 miles from Denver International Airport, making it a highly functional asset for aviation-linked and industrial tenants.
Positioned within Weld County, the site benefits from surrounding industrial and commercial activity, as well as proximity to major growth corridors supporting sustained demand for industrial assets in the region.
Property Facts
| Price | $4,300,000 | Building Class | C |
| Price Per SF | $231.67 | Lot Size | 1.87 AC |
| Sale Type | Investment | Rentable Building Area | 18,561 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Year Built | 1993 |
| Price | $4,300,000 |
| Price Per SF | $231.67 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.87 AC |
| Rentable Building Area | 18,561 SF |
| No. Stories | 1 |
| Year Built | 1993 |
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Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R0174589 | Improvements Assessment | $471,710 |
| Land Assessment | $71,740 | Total Assessment | $543,450 |
Property Taxes
Parcel Number
R0174589
Land Assessment
$71,740
Improvements Assessment
$471,710
Total Assessment
$543,450
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2865 Airport Dr
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