Trammell Crow Company & PCCP Acquire 76 Acres In Thornton For $18.9M Industrial Park Development
$18,900,000
Building Size
—
Asset Type
Land
Closing
Jun 8, 2026
AI
A 76-acre land parcel located at the Northeast corner of Interstate 25 & E-470 in Thornton, CO was sold. The sale was executed for a total price of $18,900,000. This property is intended for the development of the Crossroads 25 industrial park, which will encompass a total of 1.1 million square feet.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $18,900,000
- Address: Northeast corner of Interstate 25 & E-470
- Market: Thornton, CO
- Acres: 76
- Buyer: Trammell Crow Company & PCCP
Trammell Crow Company and PCCP have commenced the first phase of development on the site, which involves constructing an initial segment with a planned size of 828,000 square feet. This first phase is already 49% preleased, featuring a significant lease of 409,000 square feet, recognized as Denver’s largest new industrial lease since 2024.
Players
Market Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93