Project Details

7950 Miller

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Photo of a modern industrial building with the sign 'MILLENNIUM' on it, surrounded by a parking lot with several cars, American flags, and banners in front.
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Status

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Exited in June, 2026

Project Type

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Class A Industrial IOS

Project Area

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30,000 Sq. Ft.

Delivered

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November, 2024

Sale Price

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$9.8M

Project description

Designed for modern industrial users. Proven through execution.

7950 Miller Drive is a 30,000 SF Class A industrial facility situated on a 4-acre site in Frederick, Colorado, with 1.5 acres of secured industrial outdoor storage. Delivered in November 2024, the project was designed to accommodate a broad range of advanced manufacturing, industrial services, and distribution users through a flexible building layout, modern office finishes, and highly functional site design.

The property was successfully leased to Millennium and MISTRAS Group (NYSE: MG), a global provider of technology-enabled asset protection solutions serving the energy, infrastructure, aerospace, and industrial sectors. Following stabilization, the property was sold in June 2026 for $9.8 million, completing the full development lifecycle from construction through disposition.

Located along the rapidly growing I-25 corridor, 7950 Miller demonstrates Bear Peak Development's ability to deliver institutional-quality industrial assets that attract credit tenants and generate durable long-term value.

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Key Details

  • Location: Frederick, Colorado

  • Building Area: 30,000 SF

  • Site Area: 4.0 Acres

  • Secured IOS: 1.5 Acres

  • Clear Height: 20 Feet

  • Drive-In Doors: 4

  • Office Area: Approximately 5,500 SF

  • Delivered: November 2024

  • Disposition: Sold June 2026

  • Sale Price: $9.8 Million

  • Tenants: Millennium; MISTRAS Group (NYSE: MG

Our approach & solution

Rather than developing for a single end user, Bear Peak designed 7950 Miller to remain flexible across multiple industrial use types. The building combines efficient warehouse space, professional office finishes, and secured outdoor storage within a site plan that supports truck circulation, operational efficiency, and future adaptability. This approach broadens the tenant pool, reduces leasing risk, and creates a more durable long-term investment.

Result

7950 Miller was delivered in November 2024, leased to Millennium and MISTRAS Group (NYSE: MG), and successfully sold in June 2026 for $9.8 million. The project demonstrates Bear Peak's ability to execute every stage of the development process—from concept and construction through leasing, stabilization, and disposition.

The strongest validation of any development is not its completion, but the quality of the tenants it attracts and the capital willing to acquire it.

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An aerial view of a building with a blue metal roof under construction, with some roofing panels installed and other parts still open, surrounded by dirt, construction equipment, and parked vehicles.
Empty parking lot in front of a commercial building with the word 'MILLENNIUM' on the facade