Campion Industrial Park in Loveland Sells for $6M
FORT COLLINS– The 8.3-acre Campion Industrial Park located at 225, 253 and 255 42nd Street Southwest in Loveland, has sold for $6 million. The property consists of three buildings plus a cell tower and vacant lot.
Campion is fully leased to a diverse mix of companies including Integrated Communications Group, Ability Composites, White Buffalo and Sun Valley Farms Marketing.
CBRE’s Julius Tabertrepresented the seller, The Rocky Mountain Conference of Seventh-day Adventists, along with Robert McConnell of RE/MAX Alliance.
CBRE’s Mike Eyer and Jon Rue represented the buyer, Windsor-based Schuman Companies, a real estate investment, development and management firm, who purchased the property in a sale that closed July 12. Schuman Companies is one of the most active investors in Northern Colorado. The firm’s current projects span the residential, multifamily and industrial/flex/office sectors.
“Colorado’s industrial market has continued ramping up over the past year. Vacancy is low, lease rates are rising, and there are very few properties for sale right now. When we brought this opportunity to Schuman Companies, they recognized its potential to increase in value and the benefits of gaining a stronger foothold in Northern Colorado’s booming industrial sector,” said Mr. Rue, vice president with CBRE’s Northern Colorado office.
Located two blocks west of Highway 287 between South Loveland and North Berthoud, the three Campion Industrial Park buildings total approximately 100,250 rentable square feet and are demised into 14 tenant units. The property was originally built in 1967 with some remodeling/restoration over the past three decades.
“Industrial vacancy rates in Northern Colorado remain at record low levels, making it difficult for local companies to find the space they need to operate and expand their businesses. As industries like energy and construction services continue to thrive in our region, we anticipate demand to only get stronger for industrial spaces like Campion, positioning this as a solid investment for Schuman,” said Mr. Tabert, vice president with CBRE’s Northern Colorado office.