Denver lands (two) fully leased dispensaries in Denver & Aurora

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Denver & Arapahoe Counties

1. Property Location: 4400 Grape St., Denver, “The Green Solution”

Property Description: 32,397-sf warehouse, YOC 1964, updated in 2014 and converted to marijuana dispensary

Land Size: 1.24 acres

Sales Price: $3.92M, or $121 per sf

Reception No.: 2018074168

Closing Date: 6/15

Grantor: Speidell Real Estate Group LLC, Kyle Speidell & Eric Speidell, mgrs.

Grantee: Treco Grape LLC

Financing: Cash

Comments: Sellers own the Green Solution, the tenant, and facilitated a sale-leaseback with TRECO Grape LLC, affiliated with Tributary Real Estate Group. Buyer was represented by Ryan Arnold, partner, and Andy Cullen, partner and managing broker, with Tributary Real Estate.

2. Property Location: 19370 E. Quincy Ave., Aurora, “The Green Solution”

Property Description: 4,212-sf retail dispensary, YOC 2018, brick

Land Size: 25,500 sf

Sales Price:$1.72M, or $408.36 per sf

Reception No: D8058635

Closing Date: 6/13

Grantor: 19370 East Quincy LLC by:Speidell Real Estate Group LLC, Kyle Speidell & Eric Speidell, mgrs.

Grantee: Treco Quincy LLC

Financing: Cash

Comments: Sellers own the Green Solution, the tenant, and facilitated a sale-leaseback with TRECO Grape LLC, affiliated with Tributary Real Estate Group. Buyer was represented by Ryan Arnold, partner, and Andy Cullen, partner and managing broker, with Tributary Real Estate. The seller purchased the land in March 2017 for $450,000.

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 [email protected]

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