CURRENT PROPERTY
Brighton Yards 995
Brighton, CO
ASSET CLASS:
Industrial
ASSET SUB-TYPE:
Yard Property
BUILDING:
4,800 sf
Investment Report
Thesis
Overview
4,800-sf building sitting on 4.6 acres of primarily yard space, appealing entrance and parking, situated in a high-growth community, and that boasts exceptional signage opportunities on I-85.
Risks
Lease up takes longer than expected; Do not receive lease rate we estimated; Refinance proceeds are less than expected; Exit is less than expected
OUTLOOK & EXIT
This property is uniquely positioned to service tenants and users that have a significant outdoor storage component to their operations. With the supply of these types of properties becoming ever more constricted due to redevelopment, downward municipal pressure on heavy zoning, and other factors, 995 will make for a sound investment for years to come.