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THE PROPERTY
The Gunbarrel Business Center is a 58,973 square foot package of two contiguous buildings located in Boulder, Colorado currently being marketed for sale. The Gunbarrel Business Center offers the opportunity to acquire a diversified tenant mix in buildings designed to meet Primary Tenant Demand in a dynamic market. The Primary Tenant Demand is for spaces in the 2,000 – 10,000 square foot range. Stable cash flow is in place and there is upside potential as well. There is good demand for all types of space being generated by a wide variety of businesses. Projected leveraged 5-Year IRR is 17.71%, 10-year IRR is 15.91%, and average cash-on-cash return is 9.52%. Currently 95% leased, at average rates 20% below the current average market rate. This potential upside is explained in later sections.
The Gunbarrel Business Center consists of two buildings on a single parcel.
- 6205 Lookout Road is a rectangular structure containing approximately 18,465 square feet and has 6 tenants ranging in size from 2,020 SF to 5,260 SF.
- 6235 Lookout Road is a “U” shaped structure containing approximately 40,508 square feet and has 7 tenant spaces ranging in size from 1,075 SF to 11,432 SF.
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