Boulder investors land 4,150-sf medical building in Lafayette

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Boulder County

Property Location: 110 Old Laramie Trail, Lafayette

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Property Description: 4,150-sf medical office building, YOC 2016, masonry

Land Size: 7,413 sf

Sales Price: $1.57M, or $378.31 psf

Reception No.: 3695329

Closing Date: 1/18/2019

Grantor: Creekside 110 LLC (Hans Brutsche, mgr.)

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Grantee: 110 Old Laramie LLC (80%), Charles P. Rahe, mgr.; & GR Group LLC (20%), Emily Greenberg , mgr., 650 S. Lashley Lane, Boulder

Financing: $940,000 payable to Wells Fargo Bank, NA, due 10 years

Comments: Lot 1B, Creekside Minor Sub, Replat A plus nonexclusive 15.83% interest in common elements. Lease rates estimated to be $18.50 to $23.50 psf NNN, with expenses at $8.50 psf. See APN: 1575101-42-004.

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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