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6766 Co Rd 18 Johnstown, CO 80534

Sponsored
For Sale
$6,700,000

Value-add warehouse, high ROI potential.

Property size:
32,168 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
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 Features for 6766 Co Rd 18

General Information

Property type
Distribution properties
Square Feet
32,168 SF
Lot Size
647,737 SF

Building Details

Year Built/Renovated
1968/2000

HighLights

  • 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).
  • 16,017 SF warehouse space leased at $9.00/SF NNN; 6,570 SF of vacant warehouse space available.
  • 7.5 acres of outside storage (326,700 SF), partially leased at $0.50/SF; 6.5 acres available. Asking price: $6,700,000 ($208/SF).
  • Pro‑forma NOI: $516,687; Pro‑forma cap rate: 7.70%; Ceiling heights up to 18 feet. Excellent I‑25 access.
Property Profile Location Intelligence

Current Use by Public Records

Distribution centers

Map

City
Johnstown
County
Larimer
State
Colorado
Longitude
-104.9790907
Latitude
40.3777459

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 Co Rd 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).
More about this property
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