Plumbing supply company acquires building in Adams County for $1.25 million

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Adams County

Property Location: 5891 Marion St., Denver

Property Description: 12,000-sf warehouse, YOC 1979, metal construction

Land Size: 33,106 sf

Sales Price: $1.25M, or $104.17 psf

Reception No.: 2018000100251

Closing Date: 12-17-18

Grantor: Dubois Denver Property

Grantee: 5 Palm Properties LLC (M&N Plumbing Supply), Steve Morgan & Stephen M. Norton, mgrs., principals of M&N Plumbing, 303-308-1325)

Financing: $1.11M payable to Collegiate Peaks Bank, due 12-13-23

Comments: Tenant acquired property from landlord with $137,250 down payment.

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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