Leased Industrial Property For
1680-1690 Range St, Boulder, CO
For Sale
Contact for pricing
Fully leased industrial property with stable, worry-free returns.
Property Size13,458 SF
Lot Size1.55 Acres
Price / SF$225.14
Days on Market922
Property Features for 1680-1690 Range St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Listing Agency:
The Colorado Group, Inc.
(303) 449-2131
Listed By:
B. Scot Smith · License CO EA.000204641
(720) 351-8243
Source:
Moodyscre
Added: May 2, 2024
Changed: Nov 7
Last Checked: Nov 8 at 7:54AM
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 The Colorado Group, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
An investment opportunity is available with a fully leased property for sale. The property is anchored by a triple net (NNN) lease to Ball Aerospace & Technologies Corp., which has transitioned to BAE Systems, Inc. The lease provides stable returns through December 31st, 2026, with an option to renew. The property is suitable for investors seeking a solid addition to their portfolio or those looking to capitalize on a 1031 tax-deferred exchange. The tenant is a globally recognized company. The property contains 13458 square feet.
Key Highlights
- Anchored by BAE Systems, Inc. with NNN lease guaranteeing stable returns through 2026, with renewal option.
- Fully leased property, ensuring immediate and consistent rental income.
- Opportunity for a secure investment in a thriving industry.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,994
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,399,880
$2.4M
Cap Rate 7%
$1,714,200
$1.7M
Cap Rate 9%
$1,333,267
$1.3M
Market Conditions
NOI Build-Up for 13,458 SF
Gross rent
$185.7K $13.80/SF
− Vacancy
−$14.3K −$1.06/SF
EGI
$171.4K $12.74/SF
− OpEx
−$51.4K −$3.82/SF
NOI
$120.0K $8.92/SF
Area
Boulder, CO
Vacancy
7.70%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,399,880
Cap Rate 7%
$1,714,200
Cap Rate 9%
$1,333,267
Alternative Uses
Best Use
Industrial
$1.71M
$1.50M – $2.00M
NOI $119,994 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.55M
$3.98M – $5.31M
NOI $318,341 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,107
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Fully leased industrial property with stable, worry-free returns.
Where is this manufacturing property located?
The property is located at 1680-1690 Range St Boulder, CO.
What is the asking price?
The asking price for this property is $3,030,000.
What are key features of this property?
This property features: Anchored by BAE Systems, Inc. with NNN lease guaranteeing stable returns through 2026, with renewal option.; Fully leased property, ensuring immediate and consistent rental income.; Opportunity for a secure investment in a thriving industry.
