Flex space at 14 Inverness Drive East sells for $20.2 million

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Arapahoe County

Property Location: 14 Inverness Drive East, Englewood

Property Description: 105,938-sf flex/industrial, YOC 1974 & 111,125-sf flex/industrial, YOC 1978, concrete construction (total 217,063 sf)

Land Size: 14.32 acres

Sales Price: $20.2M, or $93.06 per sf

Reception No.: D8025643

Closing Date: 3/7

Grantor: 14 Inverness Property LLC c/o Global Pacific Inc., Michael S. Law

Grantee: BKM Inverness 226 LLC c/o BKM Capital Partners, Brian K. Malliet, mgr., & Brett Turner, director of acquisitions, 949-566-8800

Financing: $15.38M payable to Bank of America, due 4-1-23

Comments: 2075-35-3-01-012 contains 7.26 acres with 105,938 sf, and 2075-35-3-01-024 contains 7.06 acres & 111,125 sf.

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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