Wilderness Place is a life science building located in Boulder, CO, just northeast of the University of Colorado, within the Central Boulder life science submarket. The property serves as the headquarters for a leading biotech company. The tenant has occupied the property since 2008 and has invested a significant amount of capital into their space to build it out to specifically facilitate its R&D and equipment needs.
Boulder's life science market has demonstrated strong and growing market fundamentals due to a strong life science employment growth, number and concentration of key scientists, government and venture funding, and number and concentration of life science graduates, high-tech workers and benefits from significant barriers to entry.
Wilderness place represents an opportunity to acquire a core life science property in a strong market at an NOI yield which supports the REIT's objective to distribute a net 5%+ annual dividend to investors.
- Boulder is part of the Denver, CO metropolitan and is one of tomorrow’s cities.
- Denver benefits from a highly diversified economy; tech, finance, and tourism all play key roles in its economic growth.
- Denver is a lifestyle leader and a millennial magnet. Its attractive quality of life, proximity to the mountains, and relatively favorable costs of living and doing business drive population and job growth, particularly among millennials.
- The city is a technology trailblazer. The tech sector is well diversified, with specializations ranging from traditional web based computing to aerospace, to biotech . Denver’s cost advantage and highly educated and skilled workforce drive innovation, supported by city initiatives such as Denver Start up Week.