Trade Centre – Sold

Properties

Trade Centre – Sold

A mission critical, state-of-the-art drug production facility containing pharmaceutical manufacturing, lab, and office space.

Property Details

Address

2600 Trade Centre Avenue & 2620 Trade Centre Avenue, Longmont, CO

MSA

Denver

Property Type

Two Office/Lab Buildings

Strategy

Core-Plus

Size

78,023 Square Feet

Primary Tenant

Cambrex

Acquired

December 7, 2018

Syndicated

December 14, 2018

Sold

April 3, 2022

Internal Rate of Return (1)

23.6%

Average Annual Return (2)

28.3%

Equity Multiple (3)

1.97x

Photo of Tritower Financial Trade Centre property
Photo of Tritower Financial Trade Centre property
Photo of Tritower Financial Trade Centre property
Photo of Tritower Financial Trade Centre property
  1. Internal Rate of Return is a financial metric, representing the average yearly return that takes into account the timevalue of money.
  2. Average Annual Return is the total investor return divided by the number of years in the actual holding period of the investment.
  3. Equity Multiple is a simple ratio showing how much total cash an investor gets back for every dollar they put into an investment over its lifetime by dividing the total cash distributions received by the total equity invested.

Highlights & Amenities

Tenant has invested over $15,000,000 or $192/SF since 2015 in the Property’s clean rooms.

Wet labs.

Walk-in stability chambers.

Laboratory grade HVAC.

50-gallon glass lined reactors.

Hastelloy agitated filter dryers.

Purified water systems and back-up generators.

20,000 square foot expansion of lab and office build-out upgrades.

Location

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