Current Use by Public Records
- Life science properties
Property Details for 167 Taylor Ave
- Year built
- 2018
- Property type
- Life science properties
- Property subtype
- Industrial properties
Description
This exceptional Class A industrial property, located at 167 South Taylor Avenue in Louisville, Colorado, presents a compelling investment opportunity. The 37,540-square-foot flex/R&D space boasts a 100% occupancy rate, secured by a credit-rated tenant, ESRI, under a Net Lease (NNN) agreement. The lease commenced April 1, 2019, and has a remaining term of approximately 5 years, extending to November 29, 2029, with two 5-year renewal options at prevailing market rates. The property features a 20-foot ceiling height, 174 parking spaces, and one loading dock. Built in 2018, this two-story building sits on a PUD-zoned lot and offers a Net Operating Income (NOI) of $828,742, resulting in a 5.5% cap rate. The asking price is $15,068,050, translating to $401.39 per square foot. The tenant has invested significantly in improvements, exceeding $2,000,000 in tenant finishes and furniture, fixtures, and equipment (FF&E). The landlord has also invested over $4,600,000 in upgrades, totaling over $6,600,000 in improvements. This property offers a secure, long-term investment with a strong tenant and significant upside potential. The property enjoys a prime location in Louisville, Colorado, near Boulder, offering exceptional views of the Colorado Front Range and proximity to the University of Colorado.
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Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Boulder
- State
- Colorado
- Longitude
- -105.121
- Latitude
- 39.9701
