8925 Pieper Rd
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8925 Pieper Rd
24,560 SF 100% Leased Industrial Building Wellington, CO 80549 £3,208,045 (£131/SF) 6.95% Net Initial Yield
Executive Summary
CBRE, Inc., as exclusive agent for the Seller, is pleased to present the sale of Lots 5 and 6, Boxelder Business Park, known 8925 Pieper Road in Wellington, Colorado. Located on approximately 2.12 acres, this multi-tenant flex property consists of three office/warehouse buildings with 7 different tenants.
Built in 2016, each office/warehouse is of metal construction, and has a new (as of 2022) composite roof warrantied for 20 years. Clear height is 19’ in the front and 16’ in the back portion of each warehouse. Each unit has a main entrance that opens into an open space which also houses an office and a restroom. There is radiant overhead heating in each warehouse. Tenants reimburse landlord for property taxes.
Building A has 12,960 SF, building B has 5,600 SF, and building C has 6,000 SF for a total of 24,560 SF.
Built in 2016, each office/warehouse is of metal construction, and has a new (as of 2022) composite roof warrantied for 20 years. Clear height is 19’ in the front and 16’ in the back portion of each warehouse. Each unit has a main entrance that opens into an open space which also houses an office and a restroom. There is radiant overhead heating in each warehouse. Tenants reimburse landlord for property taxes.
Building A has 12,960 SF, building B has 5,600 SF, and building C has 6,000 SF for a total of 24,560 SF.
Property Facts
| Price | £3,208,045 | Lot Size | 2.12 AC |
| Price Per SF | £131 | Rentable Building Area | 24,560 SF |
| Sale Type | Investment | Number of Floors | 1 |
| Net Initial Yield | 6.95% | Year Built | 2016 |
| Property Type | Industrial | Parking Ratio | 2.12/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16 ft |
| Building Class | B | Level Access Doors | 16 |
| Price | £3,208,045 |
| Price Per SF | £131 |
| Sale Type | Investment |
| Net Initial Yield | 6.95% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.12 AC |
| Rentable Building Area | 24,560 SF |
| Number of Floors | 1 |
| Year Built | 2016 |
| Parking Ratio | 2.12/1,000 SF |
| Clear Ceiling Height | 16 ft |
| Level Access Doors | 16 |
Amenities
- Reception
- Storage Space
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Monthly Rental Rate - $4,104
Monthly Rental Rate - $9,380
Monthly Rental Rate - $3,771
Monthly Rental Rate - $5,280
| Space | Size | Space Use | Condition | Available |
| 1st Fl - Building A-H-I | 2,880 SF | Light Industrial | Full Build-Out | 30 Days |
| 1st Fl - Building B | 5,600 SF | Light Industrial | Full Build-Out | 30 Days |
| 1st Fl - Building C-C-1 | 2,500 SF | Light Industrial | Full Build-Out | 30 Days |
| 1st Fl - Building C-C-2 | 3,500 SF | Light Industrial | Full Build-Out | 30 Days |
1st Fl - Building A-H-I
| Size |
| 2,880 SF |
| Space Use |
| Light Industrial |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl - Building B
| Size |
| 5,600 SF |
| Space Use |
| Light Industrial |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl - Building C-C-1
| Size |
| 2,500 SF |
| Space Use |
| Light Industrial |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl - Building C-C-2
| Size |
| 3,500 SF |
| Space Use |
| Light Industrial |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl - Building A-H-I
| Size | 2,880 SF |
| Space Use | Light Industrial |
| Condition | Full Build-Out |
| Available | 30 Days |
Monthly Rental Rate - $4,104
1st Fl - Building B
| Size | 5,600 SF |
| Space Use | Light Industrial |
| Condition | Full Build-Out |
| Available | 30 Days |
Monthly Rental Rate - $9,380
1st Fl - Building C-C-1
| Size | 2,500 SF |
| Space Use | Light Industrial |
| Condition | Full Build-Out |
| Available | 30 Days |
Monthly Rental Rate - $3,771
1st Fl - Building C-C-2
| Size | 3,500 SF |
| Space Use | Light Industrial |
| Condition | Full Build-Out |
| Available | 30 Days |
Monthly Rental Rate - $5,280
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PROPERTY TAXES
| Parcel Number | 89284-07-005 | Improvements Assessment | £496,160 |
| Land Assessment | £38,094 | Total Assessment | £534,255 |
PROPERTY TAXES
Parcel Number
89284-07-005
Land Assessment
£38,094
Improvements Assessment
£496,160
Total Assessment
£534,255
zoning
| Zoning Code | O |
| O |
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8925 Pieper Rd
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