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First Industrial pays $9 million for PODS building in Aurora

PODS occupies the building at 21110 E. 31st Circle in Aurora on a long-term triple-net lease.

First Industrial Realty Trust bought a net-leased industrial building in Aurora for $9 million, or $106.26 per square foot.

The 84,700-square-foot building is located at 21110 E. 31st Circle. Moving and storage company PODS occupies the property on a triple-net lease with more than eight years remaining on the term.

First Industrial Senior Regional Director John Strabel said the property represents good real estate and an attractive long-term investment for First Industrial.

The seller was 31 Circle LLC, a group of Detroit-based private investors.

The building was built in 2014.

Mike Wafer, Riki Hashimoto and Dan Grooters of Newmark Knight Frank were the listing brokers.

Featured in CREJ’s Aug. 7-20, 2019, issue

Jill Jamieson-Nichols has been an Editor with the Colorado Real Estate Journal for more than 15 years, providing coverage of office, industrial, hospitality and mixed-use development news in the Denver metro area, plus all property types in Northern Colorado, Boulder County and along the Highway 36 corridor. Prior to joining CREJ, Jill was Editor of…