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Parker Warehouse with Corporate Tenant

18850 E Clarke Rd, Parker, CO

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For Sale

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Warehouse property in Parker, CO, leased to The Hiller Companies.

Type:INDUSTRIAL

Property size:

25,520 SF

Lot size:

1.83 Acres

Price / SF:

$243/SF

HighLights

Corporate signed lease by The Hiller Companies, LLC
Recent extension for 63 months with a 5‑year option to extend
Benefit from 3% annual rental increases in base term and options
Tenant self‑maintains the property
New roof installed in 2023 by the tenant
High population and employee density in the 5‑mile trade area with high average household income

We can help!

Listing Contact

Brian Wolfman

For Sale

Contact for pricing

Warehouse property in Parker, CO, leased to The Hiller Companies.

Type:INDUSTRIAL

Property size:

25,520 SF

Lot size:

1.83 Acres

Price / SF:

$243/SF

Added:: Jun 7, 2024
Days on Market:: 738
Last Refresh:: May 20 at 9:29 pm

Property Features for 18850 E Clarke Rd

General Information

Standard status: Active
Size: 25,520 SF
Lot size: 1.83 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Brian Wolfman

Listing agent Brian Wolfman

Listing office SRS Real Estate Partners | Denver

Listing date Jun 7, 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 SRS Real Estate Partners | Denver

HighLights

Corporate signed lease by The Hiller Companies, LLC
Recent extension for 63 months with a 5‑year option to extend
Benefit from 3% annual rental increases in base term and options
Tenant self‑maintains the property
New roof installed in 2023 by the tenant
High population and employee density in the 5‑mile trade area with high average household income

Overview

This warehouse property is located in Parker, CO. The property has a corporate tenant, The Hiller Companies, LLC, with a recent extension for another 63 months and one 5-year option to extend. The lease includes 3% annual rental increases in the base term and options. The tenant self-maintains the property and installed a new roof in 2023. The property is situated in a trade area with more than 126,800 residents and 36,400 employees.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$529.8k	$20.76
− Vacancy	−$9.5k	−$0.37
EGI	$520.3k	$20.39
− OpEx	−$156.1k	−$6.12
NOI	$364.2k	$14.27

25,520 SF · lease $20.76/SF/yr · vacancy 1.80% · expense 30.00%

Alternative Uses

Best Use

Industrial

$5.20M

$4.55M – $6.07M (±1% cap)

NOI $364,181 @ 7.0% cap · market cap 5.86%

Second Best

Warehouse

$4.72M

$4.13M – $5.50M (±1% cap)

NOI $330,086 @ 7.0% cap · market cap 5.31%

Theoretical Best

Office A

$8.77M

$7.67M – $10.23M (±1% cap)

NOI $613,595 @ 7.0% cap · market cap 9.88%

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

Property Profile Location Intelligence

Current Use by Public Records

Relentless Volleyball Club Gym & Fitness Center The Hiller Companies Production Facility Parkr Rekey Real Estate Agency

Suggested Use

Similar Places Nearby

West Parker Self Storage — 19002 Mainstreet, Parker, CO 80134
RHdelivery.com — 10940 S Parker Rd, Parker, CO 80134
Nearby Storage Units -Parker, CO — 19640 Mainstreet, Parker, CO 80138
Parker Movers | Office Movers | Storage | Movers 80134| Professional Movers | — 19751 Mainstreet, Parker, CO 80138
StorQuest Self Storage — 18455 Pony Express Dr, Parker, CO 80134

Location Insight

Map
Local Demand

City: Parker
County: Douglas
State: Colorado
Longitude: -104.77
Latitude: 39.5228

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For sale
Warehouses
CO
Parker
18850 E Clarke Rd

What type of property is this?

Warehouse - Warehouse property in Parker, CO, leased to The Hiller Companies.

Where is this warehouse located?

The property is located at 18850 E Clarke Rd Parker, CO.

What is the asking price?

The asking price for this property is $6,213,000.

What are key features of this property?

This property features: Corporate signed lease by The Hiller Companies, LLC; Recent extension for 63 months with a 5‑year option to extend; Benefit from 3% annual rental increases in base term and options

18850 E Clarke Rd, Parker, CO

Warehouse property in Parker, CO, leased to The Hiller Companies.

Property Features for 18850 E Clarke Rd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Income-Generating Acreage with Storage Business

Parker Flex Unit with Mezzanine

Profitable Equestrian Boarding Facility

Parker Flex Space For Sale

Turnkey Flex Unit in Parker

Car Storage Condo Unit

Parker Warehouse with Mezzanine

Turn-key Medical Office Condo

Dutch Bros Investment Opportunity

Corner Office with Natural Light

Parker Commercial Space For Sale

Medical Condo For Sale

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