1301 Iowa Ave - Manufacturing FOR SALE


Longmont, CO 80501
$12,762,000 USD
773-727-4285
1301 Iowa Ave, Longmont, CO for Sale
$12,762,000 USD
Manufacturing - FOR SALE
1/4
null | 6.75% Cap Rate

1301 Iowa Ave
Longmont, CO 80501


HIGHLIGHTS

  • Industry-Leading Defense Manufacturing
  • Mission-Critical Facility Supporting Sizable Defense Contracts
  • Significant Capital Investment & Facility Enhancements
  • Passive NNN Lease Structure with Annual Rent Bumps
  • Strong Industrial Submarket in Aerospace, Defense & Multi-Tech Innovation Hub

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$12,762,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

nLight Defense Systems, Inc.

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

R&D, Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

29 Ft

DOCKS

2

DRIVE INS

4

PARKING SPACES

36

LAND DETAILS

LAND ACRES

5.35

LAND SF

233,046

ZONING

MU-E

APN/PARCEL ID

1315090-44-001

ASK ABOUT THIS PROPERTY

Bryn FellerNorthmarqMore Info
773-727-4285

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Bryn FellerNorthmarqMore Info
773-727-4285

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.