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5969 Iris Pky 12,065 SF 100% Leased Industrial Building Frederick, CO 80530 $3,218,390 CAD ($266.75 CAD/SF) 6.64% Cap Rate
Investment Highlights
- 100% Leased NNN Asset – Stable cash flow with minimal landlord responsibilities
- Committed Tenancy – Mirror Image Brewing (10+ years, expanded) + NESCO (adjacent occupant)
- Separately Metered Utilities – Gas & electric individually metered, reducing landlord expense exposure
- Near-Term Upside – ±2.2-year WALT with lease rollover to capture rent growth
- Functional Industrial/Flex Product – ±12,065 SF, 16’–20’ clear, dock-high loading, 3-phase power
- Recent CapEx Completed – Parking lot + HVAC upgrades limit near-term expenses
Executive Summary
Brayden Conner
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # EC.100099522, ER.100106933 (CO)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Property Facts
| Price | $3,218,390 CAD | Lot Size | 0.96 AC |
| Price Per SF | $266.75 CAD | Rentable Building Area | 12,065 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.64% | Year Built | 1999 |
| Property Type | Industrial | Parking Ratio | 2.49/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 14’ |
| Building Class | C | No. Dock-High Doors/Loading | 1 |
| Zoning | Industrial | ||
| Price | $3,218,390 CAD |
| Price Per SF | $266.75 CAD |
| Sale Type | Investment |
| Cap Rate | 6.64% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.96 AC |
| Rentable Building Area | 12,065 SF |
| No. Stories | 1 |
| Year Built | 1999 |
| Parking Ratio | 2.49/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 1 |
| Zoning | Industrial |
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Echo Brewing Co
- Accommodation and Food Services
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- -
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- Professional, Scientific, and Technical Services
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Falcon Unmanned manufactures and sells professional grade fixed wing and multi-copter aircraft to accomplish any civil or commercial mission. We carry the only multi-mission, fixed wing and multi-copter on the market with inter-operable batteries, payloads, and training.
- Greendustrial Training Llc
- -
- -
- $16.79 CAD
- Triple Net
- Jun 2022
- New Energy Structures Company
- Professional, Scientific, and Technical Services
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- -
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- Services
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Sit Means Sit began in 1998 as a dog training company in Paradise, Nevada. It has since expanded into a major franchise with numerous locations across the United States and Canada. The company provides various dog training services including puppy training, obedience training, and behavior modification. They became famous for posting daily training videos on YouTube. Sit Means Sit offers personalized training programs that use positive reinforcement techniques. Their services cater to dogs of all ages and breeds. The company focuses on creating strong bonds between dogs and their owners through effective training methods.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Echo Brewing Co | Accommodation and Food Services | - | - | - | - | |
|
|
Professional, Scientific, and Technical Services | - | - | - | - | |
| Greendustrial Training Llc | - | - | $16.79 CAD | Triple Net | Jun 2022 | |
| New Energy Structures Company | Professional, Scientific, and Technical Services | - | - | - | - | |
|
|
Services | - | - | - | - |
Property Taxes
| Parcel Number | R7538599 | Improvements Assessment | $647,324 CAD |
| Land Assessment | $65,565 CAD | Total Assessment | $712,889 CAD |
Property Taxes
Presented by
5969 Iris Pky
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