1835 Range StBoulder, CO 80301

Property Details for 1835 Range St

Year built

1960

Construction

CONCRETE BLOCKS

Lot size

0.88 AC

Property size (Sq ft)

14,320 SF

Zone code

3115

Property type

Industrial properties

Property subtype

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.

• Alternative Use

  Use

  Valuation

  Residential

  $3,556,734

  Hospitality

  $3,257,949

  Educational

  $2,710,575

  Medical

  $2,803,796

  Retail

  $4,216,450

Location Insight

City

Boulder

County

Boulder

State

Colorado

Latitude

40.0181

Longitude

-105.231

CBSA code

14500

CBSA name

BOULDER, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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