6766 County Road 18 Johnstown, CO 80534
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Value-add warehouse, high ROI potential.
Property size:
32,168 SFProperty Features for 6766 County Road 18
General Information
- Property type
- Distribution properties
- Square Feet
- 32,168 SF
- Lot Size
- 647,737 SF
Building Details
- Year Built/Renovated
- 1968/2000
Listing Agency: CBRE Fort Collins Listing Agent: Julius Tabert
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional value-add industrial investment opportunity in Johnstown, Colorado, presents a compelling case for astute investors. The property, located at 6766 Co Rd 18, encompasses a substantial 14.87 acres and features a 32,168 square foot warehouse complex, built in 1968 and renovated in 2000. The property is zoned I - Industrial Larimer County. Currently, the occupancy rate stands at 50%, with a multi-tenant configuration. The North Complex, totaling 16,151 square feet, is leased to Fiske Electric under a 10-year NNN lease at $12.62 per square foot, including a 4% annual rent bump. The South Complex comprises 16,017 square feet of warehouse space, currently leased at $9.00 per square foot NNN. There's also 6,570 square feet of immediately available warehouse space for lease. Furthermore, the property includes 7.5 acres (326,700 square feet) of outside storage, currently leased at $0.50 per square foot, with 6.5 acres currently available. The asking price is $6,700,000, representing a price per square foot of $208. The property boasts a pro-forma NOI of $516,687 and a pro-forma cap rate of 7.70%. Ceiling heights reach up to 18 feet. This property offers significant upside potential through lease-up and rent increases. The strong location near I-25 provides excellent accessibility and transportation advantages.
Property Profile
Location Intelligence
Current Use by Public Records
Distribution centers
Location Insight
- Map
- Local Demand
- City
- Johnstown
- County
- Larimer
- State
- Colorado
- Longitude
- -104.9790907
- Latitude
- 40.3777459
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FAQs
What type of property is this?
Distribution property - Value-add warehouse, high ROI potential.
Where is this distribution property located?
The property is located at 6766 County Road 18 Johnstown, CO.
What is the asking price?
The asking price for this property is $6,700,000.
What are key features of this property?
This property features: Exceptional value-add industrial investment opportunity in Johnstown, CO.; 14.87-acre site with a 32,168 SF warehouse complex (built 1968, renovated 2000), zoned I-Industrial.; 50% occupancy; multi-tenant configuration with a 16,151 SF building leased to Fiske Electric under a 10-year NNN lease ($12.62/SF, 4% annual rent bump).
