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5/24/22
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A 31.6k sf, warehouse cold storage building on roughly four acres in Loveland, CO traded for nearly $6 mil ($190/sf). The buyer, WS Properties Loveland LLC, plans to convert the property from currently a single-tenant facility into a 3 PL facility. The existing tenant, Canyon Bakehouse, is scheduled to vacate the entire premises in June.
The property is located at 7311 East Highway 34 and features over 20k sf of cold storage, dry storage, a shipping/receiving area, locker rooms, lounge and office space. Additionally, the facility has extensive outside storage, 28’ clear height and six dock high doors.
The seller, Roaring Fork Real Estate LLC, was represented in the deal by Jared Goodman, CCIM, SIOR, with Cushman & Wakefield.
“This is a highly desirable, rare cold storage/distribution facility ideally located directly off Highway 34 just east of Interstate 25, providing easy access to all of Northern Colorado. The building is also versatile tilt-up concrete construction allowing for many industrial uses,” said Goodman. “This speculative sale had multiple offers exemplifying the interest that investors continue to show for industrial property in Northern Colorado.”
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