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Firm acquires 74,209-sf industrial building in Inverness Business Park for $105 psf

Arapahoe County

Address: 24 Inverness Place East, Englewood

Land Size: 7.242 acres

Improvements: 74,209-sf industrial/flex building, YOC 1980, masonry construction, two exterior loading docks & two drive-in doors

Date of Recording: 12/18/17

Reception No: D7142133

Price: $7.79M, or $105 psf

Grantor: 24 Inverness/1777 LLC, et. al, Stuart C. Ogilvie, mgr.

Grantee: Bonakemi USA Inc., Richard Goerin, 800-872-5515

Financing: Cash

Comments: Listed for lease or for sale by CBRE @ $9.65M, or $14 NNN psf. The building was recently renovated. The agents handling the transaction were Sergio Castaneda & Jeremy Ballenger. The buyer will relocate to this building from its office in Aurora. Bonakemi USA manufactures and distributes complete systems for hardwood floor finishing.

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.