DENVER, CO – [May 6, 2019] – Blue West Capital has completed the sale of a three-tenant, 18,730 square foot industrial/flex building located at 300 Lincoln Court in Fort Collins, CO for $1,900,000. Robert Edwards represented the Denver based 1031 exchange purchaser in the transaction.
The property is a fully leased industrial/flex building with a mix of finished offices and warehouse space. The property is located in North Fort Collins with easy access to I-25.
“Investors with their finger on the pulse of the market are finding a lot of value in well-located industrial flex product that has not yet fully realized its potential. By tracking rental rate growth and pricing, we can identify product that remains below-market and is poised for value creation. Flex space makes up 30% of the Fort Collins industrial inventory, three times the national average. Rents posted their strongest annual gains of the cycle in 2018, bucking the slight moderation ongoing nationally.” said Robert Edwards, Managing Partner.