Prime Commerce City industrial site sells for $1.1 million

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Adams County

Property Location: Northeast corner I-270 & Havana St., Commerce City

Property Description: Vacant land zoned industrial

Land Size: 3.53 acres

Sales Price: $1.1M, or $7.15 psf

Reception No.: 89664 2018

Closing Date: 11/2

Grantor: Royal Crest Enterprises LLC (William Kinney, Aaron Kinney & Anthony Spadafora, mbrs.)

Grantee: SASS Land LLC (Matt S. Sass, mgr.), Douglas County

Financing: $800,000 payable to seller, due 11-6-2043

Comments: This site was replatted in March 2018 as Royal Crest purchased this property in 2017. Listed by Russell Gruber of Gruber Commercial Real Estate Services, 720-490-1442.

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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