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8/05/22
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A 16.3k sf, single-tenant industrial building on 7.24 acres in Windsor (Fort Collins), CO sold for $4.17 mil ($256/sf) in an off-market deal. The property was purchased by Pioneer Land Company LLC, which was fulfilling a 1031 Exchange with the acquisition.
Located at 655 and 661 Gyrfalcon Ct, the property is fully leased to an oil and gas company that is the leading provider of cased-hole, electric wireline services in the Rocky Mountain Region and the Permian Basin. Built in 2015, the property was a build-to-suit for the tenant.
Tyler Murray and Jared Goodman, CCIM, SIOR with Cushman & Wakefield represented the buyer in the transaction. The seller, Falcon Pointe Lot 3, was unrepresented. The deal closed at a cap rate of 6.33%.
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