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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.


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.

  • ◦Sale/Acquisition