Top Banner
www.cbre.us/colorado 7395 GREENDALE ROAD WINDSOR, CO 80550 FREESPAN INDUSTRIAL BUILDING
15

FREESPAN INDUSTRIAL BUILDING - LoopNet · Price: $4,895,000 Price/SF: $169 Building SF: 28,961 sf Lot Size: 2.66 Acres Year Built: 2008 Lease Rate: $12.00/sf NNN Estimated NNN Expense:

Jul 12, 2020

Download

Documents

dariahiddleston
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: FREESPAN INDUSTRIAL BUILDING - LoopNet · Price: $4,895,000 Price/SF: $169 Building SF: 28,961 sf Lot Size: 2.66 Acres Year Built: 2008 Lease Rate: $12.00/sf NNN Estimated NNN Expense:

www.cbre . us/colorado

7 3 9 5 G R E E N D A L E R O A D W I N D S O R , C O 8 0 5 5 0

FREESPAN INDUSTRIAL BUILDING

Page 2: FREESPAN INDUSTRIAL BUILDING - LoopNet · Price: $4,895,000 Price/SF: $169 Building SF: 28,961 sf Lot Size: 2.66 Acres Year Built: 2008 Lease Rate: $12.00/sf NNN Estimated NNN Expense:

CONTACT USMIKE EYERVice President+1 970 372 [email protected]

JULIUS TABERTVice President+1 970 372 [email protected]

PROPERTY OVERVIEW01

AREA OVERVIEW02

DEMOGRAPHICS03

© 2019 CBRE, Inc. All Rights Reserved.

GREENDALE ROAD

FREESPAN INDUSTRIAL BUILDING

CROSSROADS BLVD.

Page 3: FREESPAN INDUSTRIAL BUILDING - LoopNet · Price: $4,895,000 Price/SF: $169 Building SF: 28,961 sf Lot Size: 2.66 Acres Year Built: 2008 Lease Rate: $12.00/sf NNN Estimated NNN Expense:

PROPERTY OVERVIEW01

Page 4: FREESPAN INDUSTRIAL BUILDING - LoopNet · Price: $4,895,000 Price/SF: $169 Building SF: 28,961 sf Lot Size: 2.66 Acres Year Built: 2008 Lease Rate: $12.00/sf NNN Estimated NNN Expense:

Price: $4,895,000

Price/SF: $169

Building SF: 28,961 sf

Lot Size: 2.66 Acres

Year Built: 2008

Lease Rate: $12.00/sf NNN

Estimated NNN Expense: $3.94/sf

Available for Lease: 28,961 sf

Construction Type: Metal Frame

Utilities: Gas: ATMOS Electric: EXCEL

Ceiling Height/Clear Height: 29’ - 33’ Ceiling Ht./23’ - 28’ Clear Ht.

Overhead Doors: (6) 14’ High x 18’ Wide

Sprinklered: Yes

Power: 3 Phase 400 amps

ZONING:Limited Industrial(City of Windsor)

PROPERTY OVERVIEW7395 GREENDALE RD. , WINDSOR, CO 80550

This 28,961 sf building offers a rare opportunity to own a high quality and hard to find industrial flex building in Northern Colorado. The building is in very close proximity to I-25 and US Hwy 34, being able to serve clients in or attracting labor from all Northern Colorado communities.

The trade area along Crossroads Boulevard is one of the fastest growing commercial sections along the I-25 corridor.

*SIDE OF BUILDING

CBRE - PG. 4

Page 5: FREESPAN INDUSTRIAL BUILDING - LoopNet · Price: $4,895,000 Price/SF: $169 Building SF: 28,961 sf Lot Size: 2.66 Acres Year Built: 2008 Lease Rate: $12.00/sf NNN Estimated NNN Expense:

INTERIOR

CBRE - PG. 5

Page 6: FREESPAN INDUSTRIAL BUILDING - LoopNet · Price: $4,895,000 Price/SF: $169 Building SF: 28,961 sf Lot Size: 2.66 Acres Year Built: 2008 Lease Rate: $12.00/sf NNN Estimated NNN Expense:

CONCEPTUALSITE PLA N

CBRE - PG. 6

Page 7: FREESPAN INDUSTRIAL BUILDING - LoopNet · Price: $4,895,000 Price/SF: $169 Building SF: 28,961 sf Lot Size: 2.66 Acres Year Built: 2008 Lease Rate: $12.00/sf NNN Estimated NNN Expense:

AREA OVERVIEW02

Page 8: FREESPAN INDUSTRIAL BUILDING - LoopNet · Price: $4,895,000 Price/SF: $169 Building SF: 28,961 sf Lot Size: 2.66 Acres Year Built: 2008 Lease Rate: $12.00/sf NNN Estimated NNN Expense:

The Town of Windsor, Colorado is a Home Rule Municipality in Larimer and Weld counties. With a population of over 30,000, Windsor is located in the region known as Northern Colorado. Windsor is situated 59 miles north of Denver Colorado.

In the last two decades, its central location among the population centers of northern Colorado, together with its proximity to Interstate 25, have made it the site of rapid urban growth, particularly on the western edge of town, as it grows towards the interchange on I-25. The incorporated town limits west of Interstate 25 are now contiguous with Loveland, and are separated from southeast Fort Collins by the Fossil Creek Open Space public lands of Larimer County acquired through a county-wide vote-approved sales tax.

There has been significant industrial development on the southeast side of town. Vestas has a wind turbine factory, and several related companies, Hexcel and Ice Energy have headquarters in Windsor. Owens Illinois has a glass factory that primarily serves the Budweiser Facility in Fort Collins, Colorado.

LOCATION DESCRIPTION

CBRE - PG. 8

Page 9: FREESPAN INDUSTRIAL BUILDING - LoopNet · Price: $4,895,000 Price/SF: $169 Building SF: 28,961 sf Lot Size: 2.66 Acres Year Built: 2008 Lease Rate: $12.00/sf NNN Estimated NNN Expense:

SAM’S CLUB DISTRIBUTION

CENTER

GREENDALE RD.

E. CROSSROADS BLVD.

WALMART DISTRIBUTION

CENTER

BUDWEISER EVENT CENTER

CENT

ERRA

PKW

Y

MASH LAB

BREWING

NORDY’S

THE BOOT GRILLPALOMINO MEXICAN

CARL’S JUNIOR

7 ELEVENARBY’S

BRANDS BEVERAGE

THE SUMMIT

TNT F IREWORKS

I GRAPHICS

HUSKY INTERNATIONALELECTRO

PRECISION, INC.U PACK

QUALITY T IRE CO.FERGUSON WATERWORKS

TEAM INDUSTRIALA & E T IRE

CBRE - PG. 9

Page 10: FREESPAN INDUSTRIAL BUILDING - LoopNet · Price: $4,895,000 Price/SF: $169 Building SF: 28,961 sf Lot Size: 2.66 Acres Year Built: 2008 Lease Rate: $12.00/sf NNN Estimated NNN Expense:

NORTHERN COLORADO IS HOME TO TWO UNIVERSITIES

MAJOR EMPLOYERS

CBRE - PG. 10

Page 11: FREESPAN INDUSTRIAL BUILDING - LoopNet · Price: $4,895,000 Price/SF: $169 Building SF: 28,961 sf Lot Size: 2.66 Acres Year Built: 2008 Lease Rate: $12.00/sf NNN Estimated NNN Expense:

INTERSTATE

25

INTERSTATE

25

INTERSTATE

25

INTERSTATE

70

INTERSTATE

76

INTERSTATE

70 D E N V E R

D I A

F O R T C O L L I N S

L O V E L A N D

B O U L D E R

G R E E L E Y

W I N D S O R

C H E Y E N N E

W Y O M I N G

36

NOCO AREA FACT FILE70% of Colorado’s craft beer is produced in NoCo with 33 different microbreweries

35% of population has a Bachelor’s Degree or Higher

Produces 89% of Colorado’s Oil and is home to 3 Windfarms

Home to 13 museums, 30+ Art Galleries, and an annual Jazz Festival

CBRE - PG. 11

Page 12: FREESPAN INDUSTRIAL BUILDING - LoopNet · Price: $4,895,000 Price/SF: $169 Building SF: 28,961 sf Lot Size: 2.66 Acres Year Built: 2008 Lease Rate: $12.00/sf NNN Estimated NNN Expense:

DEMOGRAPHICS03

CBRE - PG. 12

Page 13: FREESPAN INDUSTRIAL BUILDING - LoopNet · Price: $4,895,000 Price/SF: $169 Building SF: 28,961 sf Lot Size: 2.66 Acres Year Built: 2008 Lease Rate: $12.00/sf NNN Estimated NNN Expense:

DEMOGRAPHICS 2019

32.8% of the population holds a bachelor’s graduate or professional degree within a 3 mile radius.

96.8% of the housing units within 1 mile of the site are occupied. 96.5% within 3 miles and 5 miles; 96.8% within 10 miles

4.20% population growth rate within 5 miles

TOTAL SF . . . . . . . . . 928.1KTOTAL $ . . . . . . . . . $73.4M$/SF . . . . . . . . . . . . . . . . . . . . $79

TOTAL SF . . . . . . . . . . . . 1 .1MTOTAL $ . . . . . . . . . $97.6M$/SF . . . . . . . . . . . . . . . . . . . . $93

2015 - 37SALES

2016 - 39SALES

TOTAL SF . . . . . . . . . . . . 1 .3MTOTAL $ . . . . . . . . $100.4M$/SF . . . . . . . . . . . . . . . . . . . . $76

TOTAL SF . . . . . . . . . . 1 .06MTOTAL $ . . . . . . . . $103.5M$/SF . . . . . . . . . . . . . . . . . . . . $98

2017 - 47SALES

2018 - 47SALES

1 Mile 3 Miles 5 Miles 10 Miles

BUSINESSES 90 923 2 ,018 9,500

EMPLOYEES 1 ,733 17,340 30,874 1 1 1 ,757

POPULATION 1 ,808 14 ,072 53 ,242 258,621

AVERAGE HH INCOME $129,603 $137,238 $1 16 ,968 $101 ,10 1

HOUSING UNITS 603 5 ,61 1 18 ,078 102 ,725

NORTHERN COLORADO INDUSTRIAL YEAR END 2018

INDUSTRIAL

31.4 MILLION SF

197,587 SFYTD NET ABSORPTION

353,340 SF UNDER CONSTRUCTION

5.1% VACANCY

$9.14/SF NNN AVERAGE LEASE RATE

CBRE - PG. 13

Page 14: FREESPAN INDUSTRIAL BUILDING - LoopNet · Price: $4,895,000 Price/SF: $169 Building SF: 28,961 sf Lot Size: 2.66 Acres Year Built: 2008 Lease Rate: $12.00/sf NNN Estimated NNN Expense:

AFFILIATED BUSINESS DISCLOSURECBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a

broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell

Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property.

Your receipt of this Memorandum constitutes your acknowledgment of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc.

and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

CONFIDENTIALITY AGREEMENTYour receipt of this Memorandum constitutes your acknowledgment that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

DISCLAIMERThis Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner. PMStudio_March2020

CBRE - PG. 14

Page 15: FREESPAN INDUSTRIAL BUILDING - LoopNet · Price: $4,895,000 Price/SF: $169 Building SF: 28,961 sf Lot Size: 2.66 Acres Year Built: 2008 Lease Rate: $12.00/sf NNN Estimated NNN Expense:

CONTACT USMIKE EYERVice President+1 970 372 [email protected]

JULIUS TABERTVice President+1 970 372 [email protected]

www.cbre . us/colorado

7 3 9 5 G R E E N D A L E R O A D W I N D S O R , C O 8 0 5 5 0

FREESPAN INDUSTRIAL BUILDING