Cap Rate
6.64%
$ per SF
$190
Tot. SF
12,065
5969 Iris Pkwy, Frederick, CO, 80530
5969 Iris Parkway$2,300,000
Key Information
Lot Size
0.96 Acres
Units
3
Year Built
1999
Term Remaining
± 2.2 Years
Type
Industrial
Occupancy
100%
NOI
$152,766
Highlights
- 100% Leased NNN Asset – Stable cash flow with minimal landlord responsibilities
- Near-Term Upside – ±2.2-year WALT with lease rollover to capture rent growth
- Committed Tenancy – Mirror Image Brewing (10+ years, expanded) + NESCO (adjacent occupant)
- Functional Industrial/Flex Product – ±12,065 SF, 16’–20’ clear, dock-high loading, 3-phase power
- Separately Metered Utilities – Gas & electric individually metered, reducing landlord expense exposure
- Recent CapEx Completed – Parking lot + HVAC upgrades limit near-term expenses
- Strong Location – Near I-25 with 14.2% population growth and $138K avg HH income
- Additional Income Stream – Included mineral rights generated $7,038.98 in 2025, providing upside not reflected in NOI
Photos
Location
Agents
A
Angelo VattanoLicense # 100101759 (CO)
S
Spencer MasonLicense # FA.100082695 (CO)
Financing Agents
Broker of Record
Brayden Conner
License # EC.100099522, ER.100106933 (CO)Matthews Real Estate Investment Services, Inc1600 West End Ave, Ste. 1500 Nashville, TN 37203