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Research and Development

Alio Industries

5335 Xenon St, Arvada, CO 80002

Listing Price: $4,900,000

Cap Rate
4.90%
Gross SF
15,975
Price/Gross SF
$306.73
Lot Size
1.00 acres
Year Built
2016
Rentable SF
15,975

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 5335 Xenon Street in Arvada, Colorado, leased to ALIO Industries. The subject property consists of approximately 15,975 square feet of research and development flex space and is situated on 1.0 acre of land. Built-to-suit in 2016, the asset features geothermal climate control, rooftop solar panels, and LED lighting throughout. The warehouse space includes a custom-built lab with a 15” concrete floor. For more than 20 years, ALIO has designed and manufactured innovative nano technology motion systems used in automation technology. In 2021, ALIO Industries was acquired by the publicly traded company, Allied Motion Technologies (Ticker Symbol: AMOT). Located less than one mile from Interstate 70 via Ward Road, the subject property is situated within the West Denver submarket. West Denver is one of the metro’s largest industrial submarkets, containing 24.1 million square feet of space. Unlike the overall market, which largely consists of logistics space, West Denver is dominated by specialized space (mostly manufacturing facilities), accounting for 39 percent of local inventory. Flex space and logistics space make up the residual inventory at 32 percent and 29 percent, respectively. During the second quarter, the vacancy rate sat just 20 basis points above its record low at 1.2 percent. With availability largely nonexistent, market rents in West Denver are growing at a record 8.7 percent year-over-year. Market rents now average $14.27-per-squarefoot, offering landlords a significant 27 percent premium to the overall market. With only about 77,000 square feet currently under construction (representing 0.3 percent of inventory), rent growth and vacancies will largely be unaffected by new supply for the foreseeable future (CoStar). Denver-Aurora-Lakewood metro is home to three million people among 10 counties. Known as the Mile High City, Denver, which is also a county, serves as the state’s capitol and largest city, with approximately 742,800 residents. Metro Denver houses 10 Fortune 500 companies, including Newmont Goldcorp, Arrow Electronics, and DISH Network. Aerospace, financial services, and health care are some of the industries that have driven economic growth in the new millennium. The passage of Amendment 64 in November 2012, created a new industry in marijuana, largely consisting of thriving young businesses. Metro Denver provides a high quality of life with rural and urban amenities. Rocky Mountain National Park is less than two hours driving from the metro area, and the city houses franchises for all four major sports.

Investment Highlights

  • R&D Flex Property Built-to-Suit in 2016
  • Building Includes GeoThermal Climate Control, Solar Panels and LED Lighting Throughout
  • Warehouse Includes Custom-Built Lab Space with 15" Concrete Floor
  • Tenant in Business More Than 20 Years; Recently Acquired by Publicly Traded Allied Motion Technologies (Symbol: AMOT)
  • Accessible Location Just Off Ward Road in Arvada
  • Less Than One Mile to I-70
  • Strong Submarket with 1.5% Vacancy Rate

Exclusively Listed By

Financing By

Research and Development

Alio Industries

Listing Price: $4,900,000

Cap Rate
4.90%
Gross SF
15,975
Price/Gross SF
$306.73
Lot Size
1.00 acres
Year Built
2016
Rentable SF
15,975

Investment Highlights

  • R&D Flex Property Built-to-Suit in 2016
  • Building Includes GeoThermal Climate Control, Solar Panels and LED Lighting Throughout
  • Warehouse Includes Custom-Built Lab Space with 15" Concrete Floor
  • Tenant in Business More Than 20 Years; Recently Acquired by Publicly Traded Allied Motion Technologies (Symbol: AMOT)
  • Accessible Location Just Off Ward Road in Arvada
  • Less Than One Mile to I-70
  • Strong Submarket with 1.5% Vacancy Rate

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 5335 Xenon Street in Arvada, Colorado, leased to ALIO Industries. The subject property consists of approximately 15,975 square feet of research and development flex space and is situated on 1.0 acre of land. Built-to-suit in 2016, the asset features geothermal climate control, rooftop solar panels, and LED lighting throughout. The warehouse space includes a custom-built lab with a 15” concrete floor. For more than 20 years, ALIO has designed and manufactured innovative nano technology motion systems used in automation technology. In 2021, ALIO Industries was acquired by the publicly traded company, Allied Motion Technologies (Ticker Symbol: AMOT). Located less than one mile from Interstate 70 via Ward Road, the subject property is situated within the West Denver submarket. West Denver is one of the metro’s largest industrial submarkets, containing 24.1 million square feet of space. Unlike the overall market, which largely consists of logistics space, West Denver is dominated by specialized space (mostly manufacturing facilities), accounting for 39 percent of local inventory. Flex space and logistics space make up the residual inventory at 32 percent and 29 percent, respectively. During the second quarter, the vacancy rate sat just 20 basis points above its record low at 1.2 percent. With availability largely nonexistent, market rents in West Denver are growing at a record 8.7 percent year-over-year. Market rents now average $14.27-per-squarefoot, offering landlords a significant 27 percent premium to the overall market. With only about 77,000 square feet currently under construction (representing 0.3 percent of inventory), rent growth and vacancies will largely be unaffected by new supply for the foreseeable future (CoStar). Denver-Aurora-Lakewood metro is home to three million people among 10 counties. Known as the Mile High City, Denver, which is also a county, serves as the state’s capitol and largest city, with approximately 742,800 residents. Metro Denver houses 10 Fortune 500 companies, including Newmont Goldcorp, Arrow Electronics, and DISH Network. Aerospace, financial services, and health care are some of the industries that have driven economic growth in the new millennium. The passage of Amendment 64 in November 2012, created a new industry in marijuana, largely consisting of thriving young businesses. Metro Denver provides a high quality of life with rural and urban amenities. Rocky Mountain National Park is less than two hours driving from the metro area, and the city houses franchises for all four major sports.

Exclusively Listed By

Financing By

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