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Phoenix & Southwest  + Southwest  + Industrial  | 
Boise, Loveland Cold Storage

CBRE Helps Spin Off Two Western Region Cold Storage Buildings

A newly renovated 78,000 square foot cold storage building was sold in Boise, Idaho. It traded for $17.75 million, or $227.50 a square foot. The property was fully leased to four tenants.

The seller had made numerous interior and exterior improvements to the property, including a new insulated roof, upgrade freezer/cooler space. A group of CBRE agents represented the seller, Emerald Town LLC. They also secured all of the tenants within the last year.

CBRE also aided in the sale of a warehouse cold storage building on four acres in Loveland, Colorado. The sales price of the 31,600 square foot building was $6 million, or $190 a square foot. The buyer plans to convert the property, which is currently a single tenant building, into a third party warehouse (3PL).

The existing tenant is scheduled to leave in June. CBRE’s Jared Goodman represented the seller.

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Inside The Story

Jared Goodman

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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