167 Taylor AveLouisville, CO 80027

Property Details for 167 Taylor Ave

Year built

2018

Property size (Sq ft)

37,540 SF

Property type

Industrial properties

Property subtype

Life science 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.

Location Insight

City

Louisville

County

Boulder

State

Colorado

Latitude

39.9701

Longitude

-105.121

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