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8925 Pieper Rd 24,560 SF 100% Leased Industrial Building Wellington, CO 80549 $3,950,000 ($160.83/SF) 7.22% Cap Rate
Executive Summary
CBRE, Inc., as exclusive agent for the Seller, is pleased to present the sale of Lots 5 and 6, Boxelder Business Park, known 8925 Pieper Road in
Wellington, Colorado. Strategically located next to I-25, which directly connects with both I-80 and I-70, this multi-tenant flex property consists of
three office/warehouse buildings.
Built in 2016/2018, each office/warehouse is of metal construction, and has a new (as of 2022) composite roof warrantied for 20 years. The height is
19’ in the front and 16’ in the back portion of each warehouse. Each unit has a main entrance that opens into an open space which also houses an
office and a restroom. There is radiant overhead heating in each warehouse. Current Tenants reimburse landlord for property taxes.
Building A has 12,960 SF, building B has 5,600 SF, and building C has 6,000 SF for a total of 24,560 SF. Owners just completed the concrete parking
lot (6-8 inches thick with steel rebar).
Wellington, Colorado. Strategically located next to I-25, which directly connects with both I-80 and I-70, this multi-tenant flex property consists of
three office/warehouse buildings.
Built in 2016/2018, each office/warehouse is of metal construction, and has a new (as of 2022) composite roof warrantied for 20 years. The height is
19’ in the front and 16’ in the back portion of each warehouse. Each unit has a main entrance that opens into an open space which also houses an
office and a restroom. There is radiant overhead heating in each warehouse. Current Tenants reimburse landlord for property taxes.
Building A has 12,960 SF, building B has 5,600 SF, and building C has 6,000 SF for a total of 24,560 SF. Owners just completed the concrete parking
lot (6-8 inches thick with steel rebar).
Property Facts
| Price | $3,950,000 | Lot Size | 2.12 AC |
| Price Per SF | $160.83 | Rentable Building Area | 24,560 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 7.22% | Year Built | 2016 |
| Property Type | Industrial | Parking Ratio | 2.12/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 16 |
| Zoning | O | ||
| Price | $3,950,000 |
| Price Per SF | $160.83 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.22% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.12 AC |
| Rentable Building Area | 24,560 SF |
| No. Stories | 1 |
| Year Built | 2016 |
| Parking Ratio | 2.12/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 16 |
| Zoning | O |
Amenities
- Reception
- Storage Space
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Monthly Rental Rate - $9,380
Monthly Rental Rate - $3,771
| Space | Size | Space Use | Condition | Available |
| 1st Fl - Building B | 5,600 SF | Industrial | Full Build-Out | 30 Days |
| 1st Fl - Building C-C-1 | 2,500 SF | Industrial | Full Build-Out | 30 Days |
1st Fl - Building B
| Size |
| 5,600 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl - Building C-C-1
| Size |
| 2,500 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl - Building B
| Size | 5,600 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | 30 Days |
Monthly Rental Rate - $9,380
1st Fl - Building C-C-1
| Size | 2,500 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | 30 Days |
Monthly Rental Rate - $3,771
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Property Taxes
| Parcel Number | 89284-07-005 | Improvements Assessment | $634,111 |
| Land Assessment | $48,686 | Total Assessment | $682,797 |
Property Taxes
Parcel Number
89284-07-005
Land Assessment
$48,686
Improvements Assessment
$634,111
Total Assessment
$682,797
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8925 Pieper Rd
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