Industrial Flex Office/Warehouse + Lab Space + Excess Land
KEY INFO
BUILDING SIZE: 29,600 SFBUILDING LOT: 58,048 SF
VACANT LOT: 38,570 SF
TOTAL LOT: 96,618 SF
YEAR BUILT: 1959 / 2007 (remodeled)
ASKING PRICE: $5,180,000 ($175/SF)
PROPERTY FEATURES
- Class A lab space build-out
- Flexible loading
- Desirable infill location
- Sprinkler system
- High corporate image
- Excess land for future building expansion, additional parking, or material storage
EXECUTIVE SUMMARY
Take a first look at an opportunity to purchase a fully-operational laboratory facility in the Denver County Enterprise Zone. Properties like this in Metro Denver draw a lot of attention, not to mention that this particular property has additional land available for future building expansion. We are sharing this off-market listing with you for a limited time, if you are interested in learning more please follow instructions below to get complete details.
DENVER MARKET OVERVIEW
Metro Denver saw its 45th consecutive quarter of positive net absorption, recording over 1.2 million sq. ft. of net absorption in Q2 2021 and pushing the year-to-date (YTD) total to nearly 2.1 million sq. ft.—up 11.3% year-over-year. The Average Achieved lease rate for Q2 2021 increased $1.06 quarter over-quarter to $8.39 per sq. ft. NNN.Q2 2021 HIGHLIGHTS
OVER 1.2 MSF OF POSITIVE net absorption was recorded in Q2 2021, up 45.1% quarter-over quarter but 5.3% less than Q2 2020’s volume.YEAR-TO-DATE net absorption totaled nearly 2.1 million sq. ft., up 11.3% year-over-year.
THE AVERAGE ACHIEVED lease rate for Q2 2021 increased $1.06 quarter-over-quarter to $8.39 per sq. ft. NNN.
TOTAL AVAILABILITY remained stable at 9.2% while direct vacancy fell to 6.9% from last quarter.
CONSTRUCTION ACTIVITY continued its record-setting push with 10.0 million sq. ft. underway. Five buildings totaling 703,400 sq. ft. delivered in Q2 2021.
OVERALL SALE VOLUMEreached $644.6 million in Q2 2021, nearly double the volume recorded in Q2 2020.
