Rocky Mountain Center for Innovation and Technology Sells for $15.5M
The Rocky Mountain Center for Innovation and Technology, a 811,817-square-foot office/flex industrial property in Loveland, has sold to local owner RMCIT, LLC for $15.5 million.
RMCIT comprises four buildings on 177 acres. It was built between 1962 and 1980 to accommodate a variety of uses, including office, research and development, testing and product manufacturing and assembly. RMCIT is currently leased to mulitple tenants across a wide spectrum of industries. The largest tenant is Lightning eMotors, formerly Lightning Systems, a manufacturer of zero emission all-electric power trains for commercial fleets, which occupies 85,880 square feet.
“Large flex space continues to be hard to find in Northern Colorado. The Rocky Mountain Center for Innovation and Technology property garnered much interest and multiple offers. We are pleased to see the property sell to local ownership that can continue the legacy of innovation and unlock additional value for the property,” said Mike Eyer, CBRE.
The campus offers on-site fiber optic cabling and up to eight megawatts (MW) of power capacity. It features secured fencing with controlled access points, ample parking and common and recreational areas. With close access to heavy freight rail, high-speed road corridors and trucking access located on both upper and lower levels, the facility is equipped for both large and small
scale shipping and receiving operations.
According to CBRE Research, the Northern Colorado industrial market continued to post strong sales numbers in the first half of 2020 with a total volume of $65.2 million, up 64.5 percent over the total at the same time in 2019.