1845 Range St - Warehouse FOR SALE


Boulder, CO 80301- Outer Central
$3,000,000 USD
303-328-2020
1845 Range St, Boulder, CO for Sale
$3,000,000 USD
Warehouse - FOR SALE
1/38
null | Request Cap Rate

1845 Range St
Boulder, CO 80301
Outer Central


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$213 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Distribution, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

5

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.85

LAND SF

36,974

ZONING

IG

APN/PARCEL ID

1463280-05-010

ASK ABOUT THIS PROPERTY

Brandon KramerMarcus & MillichapMore Info
303-328-2020

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Brandon KramerMarcus & MillichapMore Info
303-328-2020

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