Thornton Manufacturing Facility For
For Sale
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12300 Grant Street, Thornton, CO
144,024 SF high-tech manufacturing facility in Thornton, Colorado.
Property Size144,024 SF
Lot Size10.65 Acres
Price / SF$137.13
Days on Market576
Property Features for 12300 Grant Street
General Information
Standard status
Active
Size
144,024 SF
Lot size
10.65 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Pinnacle Real Estate Advisors
(303) 962-9555
Listed By:
RC Myles, CCIM, SIOR
(303) 947-7850
Source:
Moodyscre
Added: Feb 13, 2025
Changed: Sep 2
Last Checked: Sep 11 at 7:50AM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This 144,024 square foot high-tech manufacturing facility is available for purchase. Situated on 9.9 acres of land in Thornton, Colorado, the property is currently 100% leased to two tenants. One lease extends to 2027, while the other continues until 2029.
Key Highlights
- 144,024 SF high tech manufacturing facility
- Situated on 9.9 acres of land in Thornton, Colorado
- 100% leased to two tenants, providing stable income
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,139,851
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$22,797,020
$22.8M
Cap Rate 7%
$16,283,586
$16.3M
Cap Rate 9%
$12,665,011
$12.7M
Market Conditions
NOI Build-Up for 144,024 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.77M $12.30/SF
− Vacancy
−$143.1K −$0.99/SF
EGI
$1.63M $11.31/SF
− OpEx
−$488.5K −$3.39/SF
NOI
$1.14M $7.91/SF
Area
Thornton, CO
Vacancy
8.08%
Lease Rate
$12.30 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$22,797,020
Cap Rate 7%
$16,283,586
Cap Rate 9%
$12,665,011
Alternative Uses
Best Use
Industrial
$16.28M
$14.25M – $19.00M
NOI $1,139,851 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$43.14M
$37.75M – $50.33M
NOI $3,019,665 @ 7.0% cap · market cap 15.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
222
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 144,024 SF high-tech manufacturing facility in Thornton, Colorado.
Where is this manufacturing property located?
The property is located at 12300 Grant Street Thornton, CO.
What is the asking price?
The asking price for this property is $19,750,000.
What are key features of this property?
This property features: 144,024 SF high tech manufacturing facility; Situated on 9.9 acres of land in Thornton, Colorado; 100% leased to two tenants, providing stable income
