Property Location: 7450 E. Progress Place, Greenwood Village, “Grease Monkey International Headquarters”
Property Description: 14,300-sf, single-story office building, YOC 1968
Land Size: 1.96 acres
Sales Price: $3M, or $202.70 psf
Reception No.: D6125228
Closing Date: 10/28
Grantor: Progress Place Investments LLC, John B. Adams, CEO, 303-308-1660
Grantee: Leeds West Property Group LLC, Judd Shader, mgr., 303-980-8748
Financing: $2.4M payable to Alpine Bank, due 10-30-26
Comments: The buyer owns and operates Big O Tires, Midas & Speedee Oil locations throughout the United States. The buyer will occupy the space next summer. The property sold in May 2011 for $1.6M. The seller will lease back the space for an unspecified period of time before it relocates.
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.