Douglas County
Property Location: 12332 Parker Road, Parker, “Advance Auto Retail”
Property Description: 6,912-sf retail building, YOC 2016, stucco/masonry
Land Size: 29,316 sf
Sales Price: $2.82M, or $406.83 psf
Reception No.: 2016077487
Closing Date: 10/27
Grantor: BTS Hess AA LLC, Gregory B. Ham, mgr.
Grantee: Downey Places Ave LLC, Robert Ferguson, mgr., Huntington Beach, CA
Comments: See APN: 2233-341-20-022. Property was listed by Brent Ham, 720-237-6804, and Matt Call, 720-420-7529, of NavPoint Real Estate. Listing brochure shows property sold at an in-place cap rate slightly less than 5%. The indicated lease rate reflects a price of $20.25 per square foot triple net.
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.
