Wellington Flex Office/Warehouse Investment

8925 Pieper Rd, Wellington, CO 80549

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For Sale

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Multi-tenant flex property near I-25 in Wellington, Colorado.

Type:Industrial

Property size:

24,560 SF

Price / SF:

$160/SF

HighLights

Strategically located next to I‑25, providing direct connections to I‑80 and I‑70.
Multi‑tenant flex property consisting of three office/warehouse buildings totaling 24,560 SF.
New composite roof (as of 2022) with a 20‑year warranty.
Located in the growing Wellington submarket, an alternative to expensive Fort Collins industrial space.
Flexible warehouse design appealing to companies seeking a physical presence.
Recently completed concrete parking lot with 52 spaces.

We can help!

Contact an agent

Julius Tabert

For Sale

Contact for pricing

Multi-tenant flex property near I-25 in Wellington, Colorado.

Type:Industrial

Property size:

24,560 SF

Price / SF:

$160/SF

Added:: Jun 11, 2024
Days on Market:: 748
Last Refresh:: May 12 at 9:12 pm

Property Features for 8925 Pieper Rd

General Information

Standard status: Active
Size: 24,560 SF
Property subtype: Industrial

Building Details

Year Built: 2016

We can help!

Contact an agent

Julius Tabert

Listing office CBRE - Fort Collins

Listing date Jun 11, 2024

Source Crexi

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

HighLights

Strategically located next to I‑25, providing direct connections to I‑80 and I‑70.
Multi‑tenant flex property consisting of three office/warehouse buildings totaling 24,560 SF.
New composite roof (as of 2022) with a 20‑year warranty.
Located in the growing Wellington submarket, an alternative to expensive Fort Collins industrial space.
Flexible warehouse design appealing to companies seeking a physical presence.
Recently completed concrete parking lot with 52 spaces.

Overview

Located in the growing submarket of Wellington, Colorado, the Boxelder Business Park offers an alternative for businesses seeking industrial space outside of Fort Collins. The property is strategically located next to I-25, providing direct connections to I-80 and I-70. This multi-tenant flex property consists of three office/warehouse buildings constructed in 2016/2018. The buildings feature metal construction and a composite roof, newly installed as of 2022 and warrantied for 20 years. Building A has 12,960 square feet, building B has 5,600 square feet, and building C has 6,000 square feet, totaling 24,560 square feet. The warehouses have a height of 19 feet in the front and 16 feet in the back. Each unit includes a main entrance that opens into an open space with an office and a restroom. Radiant overhead heating is installed in each warehouse. The development includes a 52-space parking lot with a concrete surface that is 6-8 inches thick with steel rebar. Current tenants reimburse the landlord for property taxes. The flexible warehouse design and location between Fort Collins and Cheyenne, Wyoming, make it an appealing option for companies looking to establish a physical presence in the area.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$498.1k	$20.28
− Vacancy	−$33.9k	−$1.38
EGI	$464.2k	$18.90
− OpEx	−$116.1k	−$4.73
NOI	$348.2k	$14.18

24,560 SF · lease $20.28/SF/yr · vacancy 6.80% · expense 25.00%

Alternative Uses

Best Use

Office B

$4.97M

$4.35M – $5.80M (±1% cap)

NOI $348,156 @ 7.0% cap · market cap 8.81%

Second Best

Warehouse

$3.78M

$3.31M – $4.41M (±1% cap)

NOI $264,458 @ 7.0% cap · market cap 6.70%

Theoretical Best

Office A

$6.59M

$5.77M – $7.69M (±1% cap)

NOI $461,461 @ 7.0% cap · market cap 11.68%

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

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Location Insight

Map
Local Demand

City: Wellington
County: Larimer
State: Colorado
Longitude: -105.073
Latitude: 40.8624

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For sale
Flex space
CO
Wellington
80549
8925 Pieper Rd

What type of property is this?

Flex space - Multi-tenant flex property near I-25 in Wellington, Colorado.

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: Strategically located next to I‑25, providing direct connections to I‑80 and I‑70.; Multi‑tenant flex property consisting of three office/warehouse buildings totaling 24,560 SF.; New composite roof (as of 2022) with a 20‑year warranty.