421,500-sf Hub 25 at I-25 & 64th Avenue sells for $74 million

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Adams County

Property Location: 601 E. 64thAve., Denver, “Hub 25 Industrial”

Property Description: 421,499-sf industrial buildings, YOC 2016-2017

Land Size: 24.753 acres

Sales Price: $74M, or $175.56 psf

Reception No.: 37912 2018

Closing Date: 5/10

Grantor: Mapleton Industrial Investors, Randy M. Schwartz, mgr., 303-298-1111

Grantee: HUB Acquisition LLC, c/o JP Morgan Investment Management Inc.

Financing: Cash

Comments: Four buildings totaling 421,499 sf as follows: 1. 115,680-sf warehouse, 24 dock-high doors, four drive-in doors, 28’ clear, 211 parking spaces; 2. 145,312-sf industrial building, 32 dock-high doors, four drive-in doors, 28’ clear, 195 parking spaces; 3. 117,000-sf warehouse, 26 dock-high doors, four drive-in doors, 28’ clear, 113 parking spaces; 4. 43,507-sf industrial building, 13 dock-high doors, one drive-in door, 24’ clear, 42 parking spaces. The property was leased by Tyler Carner & Jeremy Ballenger of CBRE. Tenants include BSI, 117,000 sf; Rep Fitness Gym Equipment, 60,000 sf; and others.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.

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