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1/23/25
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The Koll Company purchased the RK Mission Critical building in Aurora, CO in a $15.8 mil, all-cash deal. The 142.4k sf ($111/sf), single-tenant industrial building, honored as ‘The Outstanding Building of the Year’ by BOMA for Greater Denver in 2023, is located at 17450 East 32nd Place.
RK Mission Critical, a subsidiary of RK Industries, is the building’s sole tenant through 2029. A global provider of custom-engineered modular solutions, RK Mission Critical is a single-source provider with the experience and knowledge to conceive, design, engineer and manufacture the right modular building for businesses. The building has recently been upgraded with a new roof, asphalt, loading areas and office improvements.
This is The Koll Company’s first acquisition in Colorado since 2007, and marks the 7th state in which they own property (CA, AZ, NV, OR, UT, MN). Colliers brokered the transaction, representing both the seller and purchaser.
“This market’s fundamentals ended 2024 strong with low, decreasing vacancy rates, sustained leasing activity and strong positive absorption outpacing new supply for the first time in 18 months,” commented Scott Meserve, Principal, The Koll Company. “With our long-term view on this asset, as well as the overall market, we look forward to owning the property for the foreseeable future.”
Aurora, the third-most-populous city in the State of Colorado, is home to a number of key employers, including the Buckley Space Force Base, Anschutz Medical Campus, Children’s Hospital Colorado, University of Colorado Hospital, Raytheon Technologies, Kaiser Permanente, Amazon, Northrop Grumman and the Lockhead Martin Corporation. The city enjoys more than 300 days of sunshine each year, making it an ideal location for outdoor enthusiasts who enjoy hiking, biking and picnicking as well as the number of parks and recreational facilities.
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