Wellington Flex Property For Sale

8925 Pieper Rd, Wellington, CO

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For Sale

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Multi-tenant flex property near I-25 in Wellington, Colorado.

Type:INDUSTRIAL

Property size:

24,500 SF

Lot size:

2.12 Acres

Price / SF:

$161/SF

HighLights

Strategic location with direct access to I‑25, connecting to I‑80 and I‑70.
Multi‑tenant flex property consisting of three office/warehouse buildings.
New composite roof with a 20‑year warranty (as of 2022).
Total of 24,560 SF across three buildings (12,960 SF, 5,600 SF, and 6,000 SF).
Radiant overhead heating in each warehouse unit.
Newly completed concrete parking lot (6‑8 inches thick with steel rebar).

We can help!

Listing Contact

Julius Tabert

For Sale

Contact for pricing

Multi-tenant flex property near I-25 in Wellington, Colorado.

Type:INDUSTRIAL

Property size:

24,500 SF

Lot size:

2.12 Acres

Price / SF:

$161/SF

Added:: Jun 10, 2024
Days on Market:: 735
Last Refresh:: May 20 at 9:38 pm

Property Features for 8925 Pieper Rd

General Information

Standard status: Active
Size: 24,500 SF
Lot size: 2.12 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Julius Tabert

Listing agent Julius Tabert License #FA40037286

Listing office CBRE - Fort Collins

Listing date Jun 10, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Fort Collins

HighLights

Strategic location with direct access to I‑25, connecting to I‑80 and I‑70.
Multi‑tenant flex property consisting of three office/warehouse buildings.
New composite roof with a 20‑year warranty (as of 2022).
Total of 24,560 SF across three buildings (12,960 SF, 5,600 SF, and 6,000 SF).
Radiant overhead heating in each warehouse unit.
Newly completed concrete parking lot (6‑8 inches thick with steel rebar).

Overview

Located in the Boxelder Business Park at 8925 Pieper Road in Wellington, Colorado, this multi-tenant flex property is strategically positioned next to I-25, offering direct connections to both I-80 and I-70. The property comprises three office/warehouse buildings constructed in 2016 and 2018. Each building features metal construction and a composite roof installed in 2022, warrantied for 20 years. The warehouses have a height of 19 feet in the front and 16 feet in the back. Each unit includes a main entrance leading to an open space that incorporates an office and a restroom. Radiant overhead heating is installed in each warehouse. The tenants currently reimburse the landlord for property taxes. Building A has 12,960 square feet, Building B has 5,600 square feet, and Building C has 6,000 square feet, totaling 24,560 square feet. A concrete parking lot, 6-8 inches thick with steel rebar, has recently been completed.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$496.9k	$20.28
− Vacancy	−$33.8k	−$1.38
EGI	$463.1k	$18.90
− OpEx	−$115.8k	−$4.73
NOI	$347.3k	$14.18

24,500 SF · lease $20.28/SF/yr · vacancy 6.80% · expense 25.00%

Alternative Uses

Best Use

Office B

$4.96M

$4.34M – $5.79M (±1% cap)

NOI $347,305 @ 7.0% cap · market cap 8.79%

Second Best

Warehouse

$3.77M

$3.30M – $4.40M (±1% cap)

NOI $263,812 @ 7.0% cap · market cap 6.68%

Theoretical Best

Office A

$6.58M

$5.75M – $7.67M (±1% cap)

NOI $460,333 @ 7.0% cap · market cap 11.65%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Location Insight

Map
Local Demand

City: Wellington
County: Larimer
State: Colorado
Longitude: -105.009
Latitude: 40.7039

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For sale
Flex space
CO
Wellington
8925 Pieper Rd

What type of property is this?

Flex space - Multi-tenant flex property near I-25 in Wellington, Colorado.

Where is this flex space located?

The property is located at 8925 Pieper Rd Wellington, CO.

What is the asking price?

The asking price for this property is $3,950,000.

What are key features of this property?

This property features: Strategic location with direct access to I‑25, connecting to I‑80 and I‑70.; Multi‑tenant flex property consisting of three office/warehouse buildings.; New composite roof with a 20‑year warranty (as of 2022).

8925 Pieper Rd, Wellington, CO

Multi-tenant flex property near I-25 in Wellington, Colorado.

Property Features for 8925 Pieper Rd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Remodeled Two-Unit Residential Income

Remodeled Duplex with Hail-Resistant Roof

Freestanding Retail Building in Wellington

Multi-Tenant Flex Property Near I-25

New Industrial Building in Wellington

Prime Commercial Unit on Sixth

New Industrial Building in Wellington

Functional Warehouse in Industrial Park

Northern Colorado Commercial Portfolio

Remodeled Two-Unit Residential Income

Remodeled Two-Unit Duplex

New Retail Suites in Wellington

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