L&B Realty Advisors acquires new Inverness office building for $365.56 per square foot

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Arapahoe County

Address or Location: 86 Inverness Place North, Englewood

Improvements: 36,383 sf, two-story office building, YOC 2016, masonry veneer

Land Size: 3.021 acres

Date of Recording: 7/6

Reception No. D7077087

Price: $13.3M, or $365.56 psf

Grantor: SHQ LLC, George E. Rigby III, mgr., & Greg Schmidt, CEO of Saunders Construction Company, 303-699-9000

Grantee: 86 Inverness Investment Inc., 8750 N. Central Expressway, Suite 800, Dallas, TX 75231 c/o L&B Realty Advisors, 214-989-0800

Financing: Cash

Comments: The building is a single tenant that has occupied the building since May 22. The buyer is L&B Realty Advisors and Paul Noland is VP of acquisitions for the company. The APN is 2075-35-2-39-002.

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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