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.