1835 Range St Boulder, CO 80301
- Manufacturing properties
- 14,320 SF
- 0.88 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 1835 Range St
- Year built
- 1960
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.88 lot acres
- Property size
- 14,320 SF
- Zone code
- 3115
- Property type
- Manufacturing properties
- APN
- 1463-28-0-05-009
- APU
- 146328005009
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boulder
- County
- Boulder
- State
- Colorado
- Longitude
- -105.231
- Latitude
- 40.0181
- CBSA code
- 14500
- CBSA name
- BOULDER, CO METROPOLITAN STATISTICAL AREA
