Commerce City warehouse is snagged by owner-user for $1.21 million

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Adams County

Property Location: 6430 E. 50thAve., Commerce City

MPQ 1Q 2019 Banner 300 x 250

Property Description: 11,692-sf warehouse, twin-tee construction, YOC 1962

Land Size: 18,295 sf

Sales Price: $1.21M, or $103.49 psf

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Reception No: 93283 2018

Closing Date:11/16

Grantor: JS Builders LLC

Grantee: Blackwater LLC (Christopher John Chaplin, mbr.), 303-920-2286

Financing: $993,600 SBA loan payable to Wells Fargo Bank, NA

Comments: Listed for sale by Unique Properties, Jake Cook & Tom Myers. Buyer will use it for his company. This building has approximately 2,000 sf of office area. There are two drive-in doors and one dock-high door. Grantee’s company, Custom Restoration Inc., will occupy the building.

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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