Property Description

1845 Range Street is a 15,320-square-foot industrial warehouse located in Boulder, Colorado, just east of Foothills Parkway and Arapahoe Road. Built in 1974, this masonry-steel hybrid building has CMU block wall with a steel frame supporting a sloped EPDM rubber membrane roof, recently passing City of Boulder inspection process. On the roof there are more than 10 HVAC units, and the building has had a generous amount of electrical work, totaling 9,000 amps of three-phase power. There are six bathrooms strategically placed for multiple tenants, seven roll-up doors (four loading docks, three drive-ins) perfect for loading and distribution, in addition to 14-foot clear heights. This multi-tenant building currently has one tenant occupying 2,695 square feet (18 percent) leaving 12,625 square feet (82 percent) vacant. The lone tenant is Leotele Botanicals who produces CBD oils and extracts. They have occupied the space since 2017 and currently pay $23.42 per square foot gross, with a lease expiration on October 31, 2026. The vacant space is currently divided into multiple rooms with temporary walls and can be repositioned to accommodate multiple tenants or a single tenant. 12,624-square-foot space is currently available for rent at $17 per square foot NNN. Current CAM is estimated at $7-9 SF.

Property Features