Arapahoe County
Address or Location: 3755 S. Lipan St., Englewood
Improvements: 34,652-sf warehouse, YOC 1954, brick/block construction
Land Size: 1.756 acres
Date of Recording: 11/02
Reception No: D7126940
Price: $2.46M, or $70.99 psf
Grantor: Consolidated Steel Services Inc., Robert S. Schmidt, pres.
Grantee: Ringsby Terminals Inc., Alex Ringsby, mgr.
Financing: $1.9M payable to the seller, @ 4.8%, amortized over 20 years, balloon in 10 years, with payments of $12,330.19 per month
Comments: Listed by Cushman & Wakefield and the buyer was represented by his own company, Ringsby Realty. Buyer acquired this property with a sale-leaseback to the seller.
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.
