Crossroads industrial building sells for $7.25M, or $104.52 per square foot

Adams County

Property Location: 485 E. 52^nd Ave., Denver

Property Description: 69,350-sf warehouse, YOC 2016

Land Size: 4.5 acres

Sales Price: $7.25M, or $104.52 psf

Reception No.: 45058 2017

Grantor: TC Crossroads #6 LLC c/o Trammell Crow Company, Bill Mosher, CEO

Grantee: Denver Cross LP, Largent Group Inc., Scott Bader, pres., Sylmar, CA

Closing Date: 5/25

Financing: $6.16M payable to Umpqua Bank (85% LTV)

Comments: There are 10 dock doors (9’ x 10’) and two drive-in doors

(12’ x 14’) with 24’ clear height. Listed by Mike Wafer, SIOR, Tim D’Angelo, SIOR, & Michael Wafer Jr. of Newmark Grubb Knight Frank. The buyer is All Tex Inc., 818-768-3333

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.