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Denver Rock Island Railroad snags industrial building in North Denver

Adams County

Property Location: 5440 Franklin St., Denver

Property Description: 21,120-sf warehouse, YOC 1982

Land Size: 3.2 acres

Sales Price: $3.8M, or $179.92 psf

Reception No.: 78117 2018

Closing Date: 9/24

Grantor: McConnell Manufacturing Properties LLC, 5793 Interstate 25, Walsenburg 81089, attn: Patrick G. McConnell, mbr.

Grantee: The Denver Rock Island Railroad, 303-296-0900, Commerce City

Financing: $3.84M payable to Aurora Homes (grantor), due 10-31-39

Comments: Direct deal between parties with the Denver Rock Island Railroad planning to use this building in the near future.

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.