The Crest at Woodmen Industrial

JLL Capital Markets is pleased to present the opportunity to acquire The Crest at Woodmen Industrial (the “Property”), a 400,275 SF industrial asset with a mix of R&D, manufacturing, and distribution tenants. The Property is located in northern Colorado Springs, directly adjacent to the intersection of I-25 and E Woodmen Rd, providing occupiers with easy access to the primary North-South interstate as well as an abundance of skilled labor in the immediate area. The Colorado Springs industrial market has proven to be extremely resilient as demonstrated by the 4.4% vacancy rate and the 28% rent growth over the previous five years.

The Property is 100% leased to three tenants across a diverse set of industries with a weighted average lease term of 5.9 years and a total office finish level of 19%. Located on 18 acres, the Property boasts a mix of low (14' clear) and high (38.5' clear) bay space with 28 dock doors, and a 1.44:1,000 SF parking ratio.

The Crest at Woodmen Industrial offers an opportunity to capture in-place cash flow for 4 years with the near-term upside of increasing the NOI via mark-to-market of 36% of the rent roll. The largest tenant in the building, SARA, recently executed a 103K SF expansion and has made significant improvements totaling over $5M to their space, demonstrating their long-term commitment to the asset.