Berkeley Partners Sells Industrial Parks In Longmont, CO For $16.7M
1501 South Sunset Street, 1551 South Sunset Street, 2120 Miller Drive & 2150 Miller Drive
$16,700,000
$42/SF
Building Size
98,600 SF
Asset Type
Industrial
Closing
Nov 3, 2023
AI
Berkeley Partners has sold two industrial parks in Longmont, CO. The properties, located at 1501-1551 South Sunset Street and 2120-2150 Miller Drive, have a combined space of 98,600 square feet. The industrial parks are situated between Denver and Fort Collins.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $16,700,000
- Square Feet: 98,600
- Price per Square Foot: $169
- Address: 1501-1551 South Sunset Street & 2120-2150 Miller Drive
- Market: Longmont, CO
The sale was facilitated by CBRE brokers Jeremy Ballenger, Tyler Carner, Jim Bolt, and Jessica Ostermick. CBRE represented Berkeley Partners in the transaction.
Players
Longmont Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93