540 Energy Park DrPlatteville, CO 80651

For Sale
$4,950,000

19,500 SF Warehouse, 6.7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
90
This fee-simple industrial property, located at 540 Energy Park Dr, Platteville, CO 80651, presents a compelling investment opportunity. The 19,500-square-foot warehouse, built in 2019, sits on a 3.34-acre lot and boasts a 16-foot ceiling height. Currently 100% occupied by DistributionNow under a corporate-guaranteed NNN lease with one year remaining (expiring 11/30/2025), the property generates a strong 6.70% cap rate at an asking price of $4,950,000 ($253.85/SF). The building features three oversized (12' x 14') grade-level doors, a wet sprinkler system, and a canopy overhang for additional storage. The property also includes approximately 4,500 square feet of office space, complementing the 15,000 square feet of warehouse space. Electrical service is 400a/480v/3p (to be verified by an electrician). The fully fenced and gated lot offers enhanced security. Its convenient location provides excellent access to US Highway 85. The property is zoned for industrial use and has an APN of R8960684. This is a single-tenant, single-story building.

Highlights

  • 19,500 SF warehouse on a 3.34-acre lot.
  • 2019-built metal building, industrially zoned.
  • 100% occupied by DistributionNOW on a recently renewed 1-year lease at $17/SF NNN.
  • 15,000 SF warehouse and 4,500 SF office space.
  • Three 12' x 14' grade-level doors, 16' clear height, 400 amp/480v/3-phase power, wet sprinkler system, and rear canopy.
  • Fully fenced and gated 3.34-acre lot with 13.40% building coverage.

Property Details for 540 Energy Park Dr

Property type
Other warehouses, Other industrial properties
Square Feet
19,500 SF
Year Built
2019
Buildings
1
Stories
1
Lot Size (sq. ft)
145,490 SF

Location Insight

City
Platteville
County
Weld
State
Colorado
Latitude
40.2282943
Longitude
-104.8235998
540 Energy Park Dr, Platteville, Colorado

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540 Energy Park Dr
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