Northeast Denver industrial property sold to HBM Supply for $123 per square foot

Denver County

Property Location: 4801 E. 39^th Ave., Denver

Property Description: 11,920-sf industrial building, YOC 1966, brick, two dock-high doors, 15 parking spaces

Land Size: 0.64 acres

Sales Price: $1.47M, or $123.32 psf

Reception No.: 2017015186

Grantor: Cap Land Company, Gary Priola, pres.

Grantee: Moreno Real Estate LLC, Paul E. Moreno, mgr., 5885 Stapleton Drive North, Unit C-308, Denver, 80216

Closing Date: 2/1

Financing: $1.31M payable to JPMorgan Chase Bank (2 notes)

Comments: See APN: 01194-01-003. Property was listed by Cushman & Wakefield, Drew McManus, SIOR, 303-813-6427, and Bryan Fry, 303-813-4221, for $1.5M, or $9 per sf triple net. Buyer will occupy the space for his company, HBM Supply, 303-355-1080.

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.