Denver investor acquires 231,866-sf Industrial/flex space for $22.3M

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Arapahoe County

Address: 2701 W. Oxford Ave, Englewood, “Oxford Federal Business Park”

Land Size: 14.041 acres

Improvements: 226,216-sf flex building, YOC 1984-1986, precast construction,

13 buildings, plus 966-sf house, total of 226,216

Date of Recording: 12/13

Reception No.: D7142133

Price: $22.31M, or $96.20 psf

Grantor: BLT Legacy Inc., Lucile Tourney, pres.

Grantee: Waterpark II & III LLC c/o Matrix Group Inc., John C. Webb, pres.

Financing: $8M payable to Guaranty Bank & Trust Company, due 12-13-20

Comments: There is 20,856 sf available for lease, which includes eight spaces totaling 20,856 sf; contact leasing agents, Kaleb Orrock /Alli Stover, 303-333-7500. The vacancy totals 10.1%; average lease rate is $8.50 triple net with $2.75 per sf for expenses. Industrial Specialties, 11,872 sf; Mad Dragoon Extractions with 6,450 sf; and Aspen Designer’s Supply with 5,450 sf are the largest tenants on the 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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