Grant St Data Center — Sale in Thornton, CO

Price: Contact for price
Listing type: For sale
Asset type: Industrial Property
Location: Thornton, CO 80241
Year built: 1983

Photos

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Investment Figures

Cap rate: 4.64%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

12121 Grant Street is a 267,177-square-foot data center and office facility in the Denver Metro with existing income and clear value-add upside. The building is currently utilizing 3.5 MW of utility power. The switchgear, downstream distribution, backup power & cooling is already sized for 7 MW use creating near-term capacity for additional deployment. The asset includes five 1,200 kW diesel generators providing 6.0 MW of backup generation capacity, 30,000 gallons of on-site diesel storage, automatic transfer switch equipment, 3,000 tons of total cooling capacity, including 2,000 tons of chilled water capacity and 1,000 tons of free cooling. Current carriers include Comcast, Verizon, CenturyLink, AT&T, and Dish, with dark fiber routes to the 1500 Champa carrier hotel supporting dedicated, low-latency, private network connectivity. Existing zoning supports expanded operations, ideally positioning the facility for colocation, cloud, edge compute, enterprise data center, and AI inference applications. With usable infrastructure, available data center space, and a basis below replacement cost, 12121 Grant Street offers a clear path to increase utilization and drive value. Investment Highlights: • 267,177 SF Data Center and Office Facility on a 12-Acre Parcel • 7 MW Total Existing Sized Capacity • 6 MW N+1 Redundant Diesel Backup Generation • Existing Data Center Use and Zoning • $157.2M Stabilized Value at 7.0% Exit Cap • 21.8% Yield On Cost • Below Replacement Cost with Underutilized Capacity Upside

Market Context

This industrial in Thornton, CO is listed for sale. It is offered at an approximate 4.6% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1983. Compare it against other industrial listings for sale in Thornton, CO — view the full market.

As of Q2 2026, the Denver industrial market showed a 7.8% vacancy rate, and average asking rents near $10.09/SF/yr. Source: multiple brokerage reports, Q2 2026.

Industrial market FAQ

Is the Denver industrial market tightening or softening?: Vacancy is around 7.8% (Q2 2026).

Estimated Price per SF

$205.31/SF – $1,493/SF

Mid: $622.16/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.