Big O Tires operator acquires Grease Monkey headquarters

1976
1976
Share this Article
Facebook Twitter LinkedIn Google Pinterest StumbleUpon Email

Arapahoe County

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.

In this article