Single-Tenant Industrial

20661 Niobrara Blvd

20661 Niobrara Blvd, La Salle, CO 80645

Listing Price: $6,750,000

Cap Rate
7.32%
Gross SF
28,290
Price/Gross SF
$238.60
Lot Size
16.69 acres
Year Built
2015
Rentable SF
28,290

Investment Overview

Marcus & Millichap is pleased to present 20661 Niobrara Blvd, a 28,290 SF, Class A industrial property located in La Salle, Colorado. The property is located approximately 45 miles North East of both Denver and Boulder, and is situated on a large 16.69 acre parcel.

The property is currently leased to KLX Energy Services on a "Double-Net" lease with minimal landlord obligations. KLX is publicly traded on the NASDAQ (KLXE) and is Moody's Rated B3. The KLX lease expires in November 2022 but has three, 5-year renewal options with 2% annual rent escalations.

Listed at $6,750,000 and a 7.25%, in-place cap rate, 20661 Niobrara Blvd offers accredited investors a tremendous opportunity to own a stabilized asset with significant acreage.

Investment Highlights

  • $6,750,000 List Price (7.25% In-Place Cap Rate)
  • 28,290 SF, Class A, Industrial Property
  • Leased to KLX Energy Services (NASDAQ: KLXE)
  • NN Lease with Minimal Landlord Obligations (Roof, Foundation and Structural Walls)
  • Five 5-Ton Cranes
  • 16.69 Acre Parcel

Exclusively Listed By

Single-Tenant Industrial

20661 Niobrara Blvd

Listing Price: $6,750,000

Cap Rate
7.32%
Gross SF
28,290
Price/Gross SF
$238.60
Lot Size
16.69 acres
Year Built
2015
Rentable SF
28,290

Investment Highlights

  • $6,750,000 List Price (7.25% In-Place Cap Rate)
  • 28,290 SF, Class A, Industrial Property
  • Leased to KLX Energy Services (NASDAQ: KLXE)
  • NN Lease with Minimal Landlord Obligations (Roof, Foundation and Structural Walls)
  • Five 5-Ton Cranes
  • 16.69 Acre Parcel

Investment Overview

Marcus & Millichap is pleased to present 20661 Niobrara Blvd, a 28,290 SF, Class A industrial property located in La Salle, Colorado. The property is located approximately 45 miles North East of both Denver and Boulder, and is situated on a large 16.69 acre parcel.

The property is currently leased to KLX Energy Services on a "Double-Net" lease with minimal landlord obligations. KLX is publicly traded on the NASDAQ (KLXE) and is Moody's Rated B3. The KLX lease expires in November 2022 but has three, 5-year renewal options with 2% annual rent escalations.

Listed at $6,750,000 and a 7.25%, in-place cap rate, 20661 Niobrara Blvd offers accredited investors a tremendous opportunity to own a stabilized asset with significant acreage.

Exclusively Listed By

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