Cushman & Wakefield has advised the investment sale of a 31,612-square-foot warehouse cold storage building on about four acres in Loveland, Colorado, near Fort Collins. The property sold for nearly $6 million to WS Properties Loveland, LLC, which plans to convert the it from a single-tenant facility into a third party logistics (3PL) facility. The existing tenant, Canyon Bakehouse, is scheduled to vacate in June.
The seller was Roaring Fork Real Estate LLC, which was represented by Jared Goodman, CCIM, SIOR with Cushman & Wakefield in the transaction.
“This is a highly desirable, rare cold storage/distribution facility ideally located directly off Highway 34 just east of Interstate 25, providing easy access to all of Northern Colorado. The building is also versatile tilt-up concrete construction allowing for many industrial uses,” said Jared Goodman. “This speculative sale had multiple offers exemplifying the interest that investors continue to show for industrial property in Northern Colorado.”
The property is located at 7311 East Highway 34 and features cold storage, dry storage, a shipping/receiving area, locker rooms, lounge and office space. Additionally, the facility has extensive outside storage, 28-foot clear height and six dock high doors.
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Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services.