Multi-Tenant Flex Warehouse
8925 Pieper Rd Wellington, CO 80549
For Sale
Contact for pricing
Three metal office/warehouse buildings built 2016–2018, each with office and restroom space and radiant overhead heating.
Property Size24,500 SF
Price / SF$161.22
Days on Market780
Property Features for 8925 Pieper Rd
General Information
Standard status
Active
Size
24,500 SF
Property subtype
INDUSTRIAL
Listing Agency:
CBRE - Fort Collins
(970) 372-3852
Listed By:
Julius Tabert · License #FA40037286
(970) 372-3852
Source:
Moodyscre
Added: Jun 10, 2024
Changed: Jul 28
Last Checked: Jul 28 at 6:17AM
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
Investment Insights
Based on property information with market context.
This multi-tenant flex property includes three office/warehouse buildings constructed in 2016–2018. Each building is metal construction and features a composite roof installed new as of 2022 and warrantied for 20 years. Unit configuration includes a main entrance opening into an open area that also includes an office and a restroom, with radiant overhead heating in each warehouse area. Ceiling heights are 19 feet at the front and 16 feet at the back portion of each warehouse.
The property is located next to I-25, with direct connections to both I-80 and I-70. The owner has recently completed the concrete parking lot, described as 6–8 inches thick with steel rebar.
Building A contains 12,960 SF, Building B contains 5,600 SF, and Building C contains 6,000 SF, for a total of 24,560 SF. Current tenants reimburse the landlord for property taxes.
The property is located next to I-25, with direct connections to both I-80 and I-70. The owner has recently completed the concrete parking lot, described as 6–8 inches thick with steel rebar.
Building A contains 12,960 SF, Building B contains 5,600 SF, and Building C contains 6,000 SF, for a total of 24,560 SF. Current tenants reimburse the landlord for property taxes.
Key Highlights
- Three office/warehouse buildings (Buildings A, B, and C) totaling 24,560 SF
- Built 2016–2018 with metal construction across all buildings
- New composite roof installed as of 2022, warrantied for 20 years
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| 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
NOI $347,305 @ 7.0% cap · market cap 8.79%
Second Best
Warehouse
$3.77M
$3.30M – $4.40M
NOI $263,812 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$6.58M
$5.75M – $7.67M
NOI $460,333 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Three metal office/warehouse buildings built 2016–2018, each with office and restroom space and radiant overhead heating.
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: Three office/warehouse buildings (Buildings A, B, and C) totaling 24,560 SF; Built 2016–2018 with metal construction across all buildings; New composite roof installed as of 2022, warrantied for 20 years
