1835 Range St Boulder, CO 80301

This exceptional 14,350-square-foot research and development facility, located at 1835 Range Street in Boulder, Colorado, presents a compelling investment opportunity. The single-story, concrete block building, constructed in 1960 and situated on a 38,152-square-foot lot, is currently under a net-net lease, generating a strong 5.1% capitalization rate based on the next twelve months' net income. The asking price is $4,250,000, translating to $296 per square foot of building area and $111 per square foot of total land. The current monthly rent is $18,045.58 ($1.26 per square foot), increasing to $18,406.49 ($1.28 per square foot) on June 1, 2024. The landlord is responsible for roof, structural, and foundation maintenance, while the tenant covers a 3% management fee, further enhancing the return on investment. The property boasts numerous recent upgrades and benefits from its location within Boulder's thriving aerospace sector. This is a rare opportunity, as there are very few comparable R&D buildings currently available for sale in this submarket. The property has been a key asset in its current ownership portfolio since 2004. This well-maintained building offers a solid investment with significant upside potential.