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SINGLE TENANT | FULLY OCCUPIED | RARE OPPORTUNITY
SALE PRICE: $3,335,000 ($159.04/SF)
BUILDING SIZE: 20,970 SF
LOT SIZE: 1.24 Acres
YEAR BUILT: 1979
REMODELED: 2012
USE: Industrial Engineering & Research
ZONING: I – Industrial (City of Fort Collins)
2019 NOI: $230,180
CAP RATE: 6.9%
1716HEATH PARKWAY
FORT COLLINS, CO
FORT COLLINS WAS VOTED - One of America’s Most Innovative Tech Hubs | NerdWallet 2015 - One of the Best Places for Business and Careers | Forbes 2015 - Ranked #4 Next Top 10 Cities for Tech Jobs | Fast Company 2015 - 2nd Best City for Small Business Owners | Value Penguin 2017
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AREA DRIVE TIMES Old Town 7 Minutes 1.9 Miles I-25 6 Minutes 2.7 Miles DIA 60 Minutes 67.7 Miles Denver 64 Minutes 61.3 Miles | Google Maps 2019
The property is located in a desirable area northeast of the Mulberry and Lemay intersection in the Airpark Business park. The property benefits from easy access to Hwy 14 (Mulberry Street) and I-25, Old Town Fort Collins and the Brewery District.
NORTHERN COLORADO AT A GLANCEEconomic DiversityNorthern Colorado is home to a diverse set of industries and companies – from Fortune 500 IT corporations and burgeoning startups to world leaders in food and agriculture, energy, and advanced manufacturing. As Colorado consistently ranks among the top five states for business, it’s no surprise that the region’s industries are flourishing.
Major EmployersCompanies such as Woodward, OtterBox, Advanced Energy and New Belgium Brewery are choosing to do business in Northern Colorado, and it’s easy to see why. Support from world-class universities, federal research facilities, a highly-educated workforce, quality infrastructure and an entrepreneurial attitude create a strong economic ecosystem in which leading companies can thrive.
BUILDING FLOOR PLAN
PROPERTY LOCATION:
MAINENTRANCE
TENANT INFORMATION:
ADVANCING PATIENT CARE THROUGH SCIENCE & SERVICE
TOLMAR
The building is fully leased to Tolmar on a recently negotiated five year lease extension.
Tolmar is a privately held company, with an established commercial presence across the U.S. Their state-of-the-art product development and manufacturing facilities and headquarters are based in Northern Colorado. Founded in 2006, the company is known internationally for their advanced drug delivery capabilities and their unmatched commitment to their partners, patients and communities they serve.
Since inception, Tolmar has produced 22 marketed products supported by 5 New Drug Applications (NDAs) and 17 Abbreviated New Drug Applications (ANDAs) across urology and oncology and dermatology. With more products forthcoming, their dedicated pipeline reflects Tolmar’s future-focused approach.
Tolmar’s product portfolio includes specialty products for urology, oncology and dermatology. The invention, development and worldwide approval of ELIGARD® (leuprolide acetate for injectable suspension) delivers innovation and commitment to the urology, oncology and hospital communities, providers and patients. Technology-driven development and high-quality manufacturing capabilities established Tolmar as a leading player for topical generics in the field of dermatology.
Tolmar controls all aspects of the research, development, approval and commercialization of their products. With numerous FDA-approved products, they have earned a global reputation for their strict standards, expertise in manufacturing and proven record in regulatory and clinical development. Tolmar’s robust pipeline harnesses expertise and experience, and ensures that they will carry this legacy well into the future.
The research facility located at 1716 Heath Parkway in Fort Collins Colorado is committed to the ongoing research and development of specialty branded and generic products in the areas of urology, oncology, men’s health, pediatric endocrinology and dermatology. Tolmar’s pipeline spans pre-clinical research through phase IV development.
©2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. 020419
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287 FORT COLLINS INDUSTRIAL AIRPARK
HEATH PARKWAY1716
OLD TOWN
PETE KELLY, [email protected]+1 970 372 3846
www.cbre.us/coloradoMISTENE [email protected]+1 970 372 3862
MULBERRY STREET
FOR MORE INFORMATION PLEASE CONTACT:
3500 JFK Parkway, Suite 310Fort Collins, CO 80525
WWW.1716HEATHPARKWAY.COM
