Blue West Capital is pleased to present the sale of a two-tenant flex-industrial property located at 6833 North Franklin Avenue in Loveland, Colorado. Loveland is the fourteenth most populated city in Colorado and sits approximately 55 miles north of Downtown Denver. It is a strategic front range market 10 miles south of Fort Collins and 35 miles north of Boulder. The property is located in a densely populated area with over 212,100 people within a five-mile radius.
The two-tenant flex-industrial property was recently renovated in 2021 with a high-quality office buildout. The largest tenant is paying below-market rent on a short-term lease allowing significant upside. It is priced below replacement cost at $184 per square foot. It sits on a large 2.5 acre lot just west of US 287, the primary north-south thoroughfare in Loveland. The property has two drive-in doors with 14 and 18 foot openings. The ceiling heights range from 16 to 30 feet in height.