For sale is a multi-tenant industrial asset situated on 3.67 acres of land, offering a total of 80,000 square feet of space. This industrial property features 22′ to 28′ clear heights, providing ample room for storage and operations. The property is equipped with nine dock-high doors and two grade-level doors, allowing for efficient loading and unloading of goods. Additionally, the property has three-phase power with 1,000 to 4,000 amps and 480 volts, supporting a range of industrial uses. The property’s size and layout provide flexibility for various industrial uses.
The property is currently fully occupied, with lease expirations between 2030 and 2035, providing a stable source of income for investors. The average rent is $6.34 per square foot, with 3.0 percent annual escalations, helping rental income to keep pace with inflation. The property generates a 7.24 percent cap rate, making it an attractive investment opportunity. The property is anchored by two notable tenants, Parallel Products and Barnhardt Bolt & Special Fasteners, Inc., which provide a stable source of income. Parallel Products is a leader in unsaleable beverage destruction and recycling, while Barnhardt is a key Permian Basin distributor of fasteners for oil & gas companies.
The property’s strategic location along highways U.S. Route 85 and U.S. Route 34 provides easy access to major thoroughfares, facilitating the movement of goods and people. The property is also close to the Greeley-Weld County Airport, further enhancing its accessibility. Located in Weld County, the property benefits from the area’s strong growth, with a 1.9 percent annual population growth rate in 2025, representing the fastest rate among large counties in Colorado (KUNC – NPR News). This growth contributes to a low industrial vacancy rate of 4.5 percent, outperforming the 7.8 percent national average (CoStar). The property’s location in a growing and thriving area makes it an attractive option for businesses and investors. The combination of the property’s features, location, and strong occupancy make it a valuable industrial asset.
BROKER OF RECORD
Adam Lewis
Denver Broker of Record
1225 17th Street, Suite 1800
Denver, CO 80202
Tel: (303) 328-2050
Adam.Lewis@MarcusMillichap.com
License CO: ER100091205
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