Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing for sale the fee simple interest in The Northern Business Center, a 128,998-square-foot, Class A industrial asset in Thornton, Colorado. The industrial property for sale presents a unique opportunity to acquire a rare value-add industrial asset with repositioning versatility in one of metro Denver’s strongest industrial submarkets.
The Northern Business Center will provide an investor a Class A, cash-flowing, industrial asset with optionality for several repositioning strategies, all with significant upside potential. Existing ownership has multi-tenanted the warehouse and office space with short-term leases that generate above-market rents. New ownership has several different options for repositioning the asset, including continue the current strategy of leasing smaller warehouse and office spaces at higher rents, allowing flexibility for tenants to expand as they grow and reducing rollover risk at the property and capture the cash flow from existing short-term tenants while marketing the asset to a single-tenant or large-block user.
Situated on 10.45 acres at 12789 Emerson Street, the industrial property for sale is ideally positioned in the North Denver Industrial market conveniently located off of 120th Avenue with easy access to the state’s north-south thoroughfare Interstate 25 in the city of Thornton. This centralized location is surrounded by one of Colorado’s most populous areas and has access to Colorado’s major highways including east-west arterials E-470, East 136th Avenue and East 160th Avenue (Highway 7) providing an efficient 30-minute or less drive time to downtown Denver, Denver International Airport, Boulder County and most Denver metro area municipalities.