Single-tenant R&D office leased to a Boulder tech anchor
5395 Pearl Parkway · Boulder · Boulder County, CO 80301
Asking price
$19,800,000
Building
64,000 sqft
Lot
2.3 ac
Cap rate
6.1%
The pitch
Section 01 / 03Investment highlights
- Absolute NNN, 8.2 years remaining
- Lab + clean-room infrastructure
- Backup generator and 2,000A service
- Expansion entitlement on surplus land
Executive summary
A 64,000 SF flex-office building purpose-built in 2016 for a venture-backed life-sciences tenant on a long-term absolute-net lease. Lab-ready infrastructure and 2.3 acres of expansion land make this a durable, hands-off hold.
The asset
Section 02 / 03Pricing & Size
- Building Size
- 64,000 sqft
- Cap Rate
- 6.1 %
- Net Operating Income
- 1,207,800 $/yr
- Building Class
- Class A
Building
- Construction Type
- Steel Frame
- Condition
- Excellent
- Stories
- 2
- Parking Spaces
- 230
- Parking Ratio
- 3.6 per 1k sqft
Utilities
- HVAC Type
- VAV
- Fiber Internet
- Yes
Power
- Backup Generator
- Yes
Office Features
- Office Class
- Class A
- Elevators
- 2
- HVAC System
- VAV
- Move-in Ready
- Yes
- Layout
- Mixed
Location & Zoning
- Zoning
- PD
- FEMA Flood Zone
- X
- Opportunity Zone
- No
Compliance & Risk
- ADA Compliant
- Yes
Location & area
Section 03 / 03Location
40.02650, -105.23100Area & market data
Third-party sourcesNeighborhood Demographics
- Median Household Income
- $79,005
- Median Age
- 29 yrs
- Population
- 108,250 people
- Households
- 45,236
Location Context
Walk Score
58 / 100
Transit Score
42 / 100
Risk Assessment
- Seismic Zone
- 1
- Seismic Risk Category
- Low
Market Context
- Median Sale Price (5mi)
- $6,800,000
- Median Lease Rate (5mi)
- 32 $/sqft/yr