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Buyer facilitates 1031 exchange with office building in Thornton

Adams County

Location: 9351 Grant St., Thornton

Improvements: 91,263-sf office building, YOC 1985

Land Size: 1.14 acres

Date of Recording: 4/9

Reception No.: 2018000028658

Price: $9.08M, or $99.44 psf

Grantor: Horizon Terrace LLC, c/o Global Pacific Properties Inc. 5161 E. Arapahoe Road, Suite 320, Centennial 80122, attn: Michael S. Law, pres.

Grantee: 1641 California LLC (30.52%) & 9351 Grant LLC (69.48%) c/o NAS Properties LLC, 6900 E. Belleview Ave., Suite 200, Greenwood Village 80111

Comments: The buyers facilitated a 1031 exchange from 1641 California St., which sold in November for $5.3 million.

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.