TRP LABORATORIES | ABS. NET w/ 3.5% INCREASES 2022 Helena St 81,921 SF Industrial Building Aurora, CO 80011 $15,107,031 ($184.41/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 18+ Year Absolute Net Lease Featuring Above Market 3.5% Annual Rental Increases throughout the Initial Term and Options.
- TRP Laboratories is a Leader in Transportation Sciences, Offering Comprehensive Testing Services for Powertrains, Components, and Vehicle Systems.
- Aurora is a Rapidly Growing City and Key Industrial Hub in the Denver Metro, offering an ideal Setting for Manufacturing, Logistics, and Industrial.
- Location Utilized as an Office, Research and Development Facility.
- The Company provides Engine Testing, Environmental Analysis, and Engineering Support.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $85k and over 318k People Residing within a 5-Mile Radius.
EXECUTIVE SUMMARY
TRP Laboratories | Long Term Absolute Net Lease w/ 3.50% Annual Increases | Leader in Transportation Sciences | Within a Key Industrial and Manufacturing Hub | In Close Proximity to Major Freeways and Highways | Densely Populated and Affluent Area | Minutes from Denver International Airport, UCHealth University of Colorado Hospital and Buckley Space Force Base
Colorado Broker of Record: Adam Lewis | 1144 15th St., Suite 2150 Denver, CO 80202 | P: (303) 328-2000 | Lic #: ER.100091205 | Firm Lic #: EC. 100048709 | Adam.Lewis@MarcusMillichap.com
Colorado Broker of Record: Adam Lewis | 1144 15th St., Suite 2150 Denver, CO 80202 | P: (303) 328-2000 | Lic #: ER.100091205 | Firm Lic #: EC. 100048709 | Adam.Lewis@MarcusMillichap.com
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- TRP Laboratories
- Retailer
- 81,121 SF
- -
- Triple Net
- Oct 2043
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| TRP Laboratories | Retailer | 81,121 SF | - | Triple Net | Oct 2043 |
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PROPERTY TAXES
| Parcel Number | 1821-32-3-09-004 | Improvements Assessment | $2,692,820 |
| Land Assessment | $336,280 | Total Assessment | $3,029,100 |
