$3,100,000
$3,200,000
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7755 Miller Dr Frederick, CO 80504
43,919 SqFt
Key Details
Sold Price $3,100,000
Property Type Commercial
Sub Type Sale: Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 43,919 sqft
Subdivision Frederick West Business Center
MLS Listing ID 641281
Sold Date 05/08/13
HOA Y/N false
Abv Grd Liv Area 43,919
Originating Board IRES MLS
Year Built 2002
Lot Size 3.530 Acres
Acres 3.53
Property Description
Industrial/Flex investment property offering at ~ 8.45% CAP rate. Ideal office to production/warehouse ratio with ESFR fire protection system, covered high-dock and drive-in doors, clean room appearance with vinyl composite tile, high bay fluorescent lighting along with natural lighting. Property is leased for 5 years with a single manufacturing tenant, in year two of the lease. Lease increases 3% annually. Tenant pays for operating expenses. Stabilized and performing tenancy.
Location
State CO
County Weld
Area Greeley/Weld
Zoning Commercial
Direction Exit the I-25 and Highway 52 Interchange, N. Frontage Road North to WCR 18, turn right, Miller Drive on the right.
Interior
Interior Features Ceiling: 16-20 Feet
Heating Forced Air
Cooling Refrigeration/HVAC
Flooring Concrete, Floor: Sealed
Exterior
Exterior Feature Lighting
Parking Features Paved
Utilities Available Natural Gas Available, Electricity Available
Roof Type Flat
Street Surface Paved,Asphalt
Building
Lot Description Curbs, Gutters, Sidewalks
Building Description Tilt-Up,Metal/Frame, "Clean" Room,Loading: Drive-in,Loading: Dock High,Loading: Drive-in overhead doors
Sewer City Sewer
Water City Water, TBD
Structure Type Tilt-Up,Metal/Frame
New Construction false
Others
Senior Community false
Tax ID R7056898
SqFt Source Licensee
Special Listing Condition Private Owner
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Bought with CO-OP Non-IRES
EWN Real Estate Group