Industrial warehouse in Gunbarrel Business Park sells for $16M

BOULDER — Denver-based real estate investment firm Bow River Capital Partners has sold a 152,000-square-foot industrial warehouse in the Gunbarrel Business Park for $16 million.

Six months ago, Bow River Capital purchased the building and 12.3 acres at 6265 Gunbarrel Ave. in northeast Boulder for $10 million, according to public records.

Manchester Capital Management LLC, a wealth-management and real estate investment firm based in Manchester, Vt., bought the building from Bow River as an investment for a client family, said Corbin Rich, a real estate asset manager in Manchester’s office in Montecito, Calif. Rich said the building is about 60 percent leased.

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BI Inc. has been leasing about 78,000-square-feet of the building since April 2014. For approximately 13 years, HEI Manufacturing occupied the entire building as a single-tenant before vacating it in 2014.

The building was constructed in 1969 and expanded to its current size in 2003.