Colorado firm acquires southwest Denver industrial building for $1.35 million

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Denver County

Property Location: 2301 S. Platte River Drive, Denver

Property Description: 10,005-sf industrial building, YOC 1963, brick

Land Size: 12,500 sf

Sales Price: $1.35M, or $134.93 psf

Reception No.: 2019001531

Closing Date: 1/4

Grantor: Warren & Bette Struble

Grantee: Blanch Investments LLC (Russell Blanch, mgr.), 303-935-8889

Financing: $840,000 payable to Bank of Colorado, due in 10 years

Comments: Listed by Jeff Kummer, 303-885-4725, of Altitude Commercial Realty for $1.35M. Warehouse contains 3,000 sf of office area, 12-14’ clear ceilings, two oversized doors and one 10×10-foot drive-in door, brick & twin-tee construction. Property is located on the southwest corner of W. Iliff Ave & S. Platte River Drive. Buyer’s company, Majestic Rails Inc., will relocate from 1111 W. Evans Ave. to this property.

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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