Industrial buildings trade for $4.4 million

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Adams County

Property Location: 4150 E. 60th Ave., Commerce City

Property Description: Six industrial buildings totaling 27,444 sf, with paved site and rail frontage

Land Size: 16.92 acres (11 net usable acres, as per broker listing sheet)

Sales Price: $4.4M, or $5.97 psf, or $9.18 psf (net)

Reception No.: 47750 2017

Grantor: Hampton Yard LLC, Jeff Robinson, pres.

Grantee: GI Investments LLC, George A. Medley & Mary Irene Chavez, mbrs.

4920 Washington St., Denver 80216

Closing Date: 6/1

Financing: $3.34M payable to Valley Bank & Trust

Comments: Property was listed by Rob Lockhart & Matt Capecelatro of Ringsby Realty Corp. Property is located at southeast corner of Interstate 270 and E. 60th Ave. intersection. See APN: 1823-073-00-043. This property abuts the Sand Creek Regional Greenway. This property sold in March 2016 for $3M. The buyer owns Denver Scrap Metal Inc. Pastor George Medley of ABC Ministries started the company in 2007. Buyer has its existing property located at 4920 Washington St. listed for sale for $40 per square foot; contact Russell Gruber at 303-260-4253 at Newmark Knight Frank.

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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