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Distribution center containing 1.3 million square feet in Brighton sell for $40.75 million

Adams County

Property Location: 18824 E. Bromley Road, Brighton

Property Description: 1.3 million-sf warehouse, YOC 1994, concrete construction

Land Size: 103.3 acres

Sales Price: $40.75M, or $31.21 psf

Reception No.: 80179 2018

Closing Date: 10-2

Grantor: Brighton Lease Management LLC by: Net Lease Management Partners LLC (John H. Newcomer Jr., as liquidating trustee)

Grantee: Starboard Platform Brighton LLC, 1301 Dove, Suite 1080, Newport Beach, CA 92660, attn: Starboard Realty Partners, Daniel N. Vittone, mgr., 949-851-2020

Financing: $44M payable to BOKF, NA due 10-5-2023

Comments: Holtzman Family Partnership, matter of arbitration, and Net Lease Management Partners LLC, Case NO. 01-14-0001-6795 SL. (9-7-17). Drew McManus, SIOR, Matt Trone, SIOR, Bryan Fry & Mike Viehmann of Cushman & Wakefield had this property for lease. There is approximately 20,000 sf of office space in the building & 88 dock-high doors with 36’ ceiling height.

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.