Multi-Tenant Flex Warehouse
For Sale
$3,149,001
8925 Pieper Road, Wellington, CO 80549
Three metal office/warehouse buildings built 2016–2018, each with office and restroom space and radiant overhead heating.
Property Size24,560 SF
Price / SF$128.22
Days on Market93
Property Features for 8925 Pieper Road
General Information
Standard status
Active
Size
24,560 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2022
Construction
metal
Tenancy
Multi
Properties For Sale
at 8925 Pieper Road Contact usBuilding A Available
Size
12,960 SF
Type
Industrial
Building A has several units - most with leases in place. Unit H & I are available at this time for lease at a lease rate of $13/SF NNN
Contact us Building B Available
Size
5,600 SF
Type
Industrial
Building B is vacant at this time and available for lease. Lease rate $13.00/SF + NNN
Contact us Building C Available
Size
6,000 SF
Building C is comprised of 2 units C-1 with 2,500 SF and C-2 with 3,500 SF. Both units are available for Lease at $13.00/SF + NNN. They can be leased together or separately.
Contact us
Listing Agency:
CBRE - Fort Collins
Listed By:
Julius Tabert · License #FA40037286
(970) 372-3852
Source:
Cbre
Added: Jul 27
Changed: Oct 25
Last Checked: Oct 26 at 2:00PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$264,458
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,289,160
$5.3M
Cap Rate 7%
$3,777,971
$3.8M
Cap Rate 9%
$2,938,422
$2.9M
Market Conditions
NOI Build-Up for 24,560 SF
Gross rent
$340.4K $13.86/SF
− Vacancy
−$29.3K −$1.19/SF
EGI
$311.1K $12.67/SF
− OpEx
−$46.7K −$1.90/SF
NOI
$264.5K $10.77/SF
Area
Larimer County, CO
Vacancy
8.60%
Lease Rate
$13.86 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,289,160
Cap Rate 7%
$3,777,971
Cap Rate 9%
$2,938,422
Alternative Uses
Best Use
Office B
$4.97M
$4.35M – $5.80M
NOI $348,156 @ 7.0% cap · market cap 11.06%
Second Best
Warehouse
$3.78M
$3.31M – $4.41M
NOI $264,458 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$6.59M
$5.77M – $7.69M
NOI $461,461 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 80549, CO
13,530
Population
5,131
Households
2.6
Avg Household Size
34
Median Age
44%
College-Educated
97%
High-School Grad
187.1 sq mi
ZIP Area
72
Density / Sq Mi
$103,760
Median Household Income
$52,401
Median Earnings
$2,290
Median Rent
$452,800
Median Home Value
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Market
Vacancy Rate% for Office in West region
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 Road Wellington, CO.
What is the asking price?
The asking price for this property is $3,149,001.
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
