Denver County
1. Property Location: 4600 Ironton St., Denver
Property Description: 37,636-sf warehouse, YOC 1976, twin tee construction
Land Size: 2.21acres
Sales Price: $3.6M, or $95.65 psf
Reception No.: 2018140225
Closing Date: 10/29
Grantor: BCP-4600 Ironton LLC (Chad A. Brue, mgr.), 303-500-8959
Grantee: GS Ironton LLC, Chris Calato, 832-301-3933, c/o Morningside Capital
Comments: This building has been divided into three spaces that include 14,430 sf, 15,231 sf and a 7,975-sf suite. Ceiling height is 18’, and there are two dock-high doors and two drive-in doors.
2. Property Location: 4725 Oakland St., Denver
Property Description: 13,537-sf warehouse, YOC 1975, concrete construction,one dock-high door
Land Size: 40,926 sf
Sales Price: $1.81M, or $133.67 psf
Reception No.: 2018140259
Closing Date: 10/29
Grantor: BCP-Oakland (Chad A. Brue, mgr.), 303-500-8959
Grantee: GS Ironton LLC (Chris Calato), 832-301-3933, c/o Morningside Capital,
Comments: See 4600 Ironton St., w/ total transaction of $5.41M, or $105.71 psf. Cap Rates for marijuana tenants range between 11 and 15 percent, depending on strength of tenant.
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.
