Perry Park Industrial Development Site — Sale in Larkspur, CO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Larkspur, CO 80118

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Perry Park Industrial Development Site — Sale in Larkspur, CO, photo 1 of 2
Perry Park Industrial Development Site — Sale in Larkspur, CO, photo 2 of 2

Description

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 8021 Spruce Mountain Road in Larkspur, Colorado. The subject property consists of approximately 196.91 acres of land. The asset features about a 41-acre lot zoned as General Industrial (GI) and Light Industrial (LI), roughly 156 acres of agricultural land that can be rezoned for industrial use, and a 10,000-square-foot private residence with five bedrooms and five bathrooms. Sitting adjacent to the house is Perry Park Airport, a private FAA-approved airport, and approximately a 6,300-square-foot airplane hangar. Both the house and airport are currently utilized by the owner and are included in the sale of the property. Located on the West side of Interstate 25, the property is almost equal distance from Downtown Denver (41 miles) and Downtown Colorado Springs (31 miles), which makes the property’s location prime for the development of a variety of industrial properties such as warehousing, logistics, and manufacturing. An operating Burlington Northern Santa Fe (BNSF) rail line runs north and south along the property between Spruce Mountain Road, providing the opportunity to add a rail spur. The proposed truck stop across the street from the property provides additional infrastructure for industrial space. Given that this property can accommodate the development of up to an estimated 3 million square feet of industrial space, this sale offers investors a significant upside in an under-supplied submarket. The area between Denver and Colorado Springs along Interstate 25 (referred to as the I-25 Corridor in the subject material), is a relatively small submarket, containing only 2.4 million square feet of industrial space. During the third quarter of 2023, the vacancy rate in the I-25 Corridor sat at just 2.4 percent, well below the overall 6.2 percent rate across the markets of Denver and Colorado Springs. Although the overall market area is showing signs of overbuilding, the ris

Market Context

This industrial in Larkspur, CO is listed for sale. Compare it against other industrial listings for sale in Larkspur, CO — view the full market.

Estimated Price per SF

$110.93/SF – $806.74/SF

Mid: $336.14/SF

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

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