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Rare, Multi-Tenant Industrial Building Sells for $1.25M in Longmont, Colorado

Posted by Unique News Team on June 14, 2017
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Longmont, CO (June 14, 2017 ) —Unique Properties, Inc. / TCN Worldwide, Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, is proud to announce the sale of a rare, multi-tenant, industrial building located at 855 Weaver Park Road in Longmont, Colorado.

The Property has 11,200 square feet of rentable space and is currently 100% occupied by five tenants. Current tenants do not hold long-term leases; the longest lease is secured through January 2018, which provides the new owner with the opportunity to occupy a portion of the building or renew the leases at a higher rate. The one story, BL1 zoned property is situated on just over one acre of land, under three miles away from downtown Longmont’s Main Street.

The Property was acquired for $1,250,000 ($111.61 PSF) on June 13, 2017. The undisclosed Seller was represented by Marc Lippitt, Principal, Scott Shwayder, Principal, Brett MacDougall, Broker Associate, and Justin Herman, Broker Associate of Unique Properties, Inc. / TCN Worldwide.