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Samaritan’s Purse lands Douglas County industrial building

Douglas County

Property Location: 8648 S. Peoria St., Englewood

Property Description: 63,550-sf industrial building (9,530 sf office area), 20 dock-high doors, two drive-in doors, 24-foot-clear ceiling, ESFR fire sprinklered, YOC 2018

Land Size: 4.765 acres

Sales Price: *$10.17M

Reception No.: 2018070295

Closing Date: 11/15

Grantor: IBC Holdings (Brian C. Mott, mgr.), 303-674-1300

Grantee: Samaritan’s Purse (Phyllis T. Payne VP), 828-262-1980

Comments: Listed and sold by Newmark Knight Frank David Lee & Jason Addlesperger. This property is located on the southwest corner of S. Peoria St. & James E. Casey Ave. A news story reported in the Colorado Real Estate Journal reflected a sales price of $11.39 Million, or $179.16 psf, while the Douglas County Clerk and Recorder show $10.17M, or $160 psf. Jim Bolt of CBRE represented the buyer in the transaction.

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.