Small-tenant industrial/flex building trades at $4.75 million

555 Alter
The building at 555 Alter St. in Broomfield is leased to small tenants.

A small-tenant industrial/flex building in Broomfield sold to a Boulder investor for $4.75 million.

One Earth Future Foundation Inc. sold the 66,740-square-foot building at 555 Alter St. to 3200 LLC. The building was approximately 96 percent leased to tenants that average around 4,000 sf, according to Matt Emmons of NAI Shames Makovsky, who represented the seller.

Tenants include auto repair businesses, distributors, a CrossFit gym and doggie day care.

The building was constructed in 1967 and expanded in 1990.

Matt Emmons

Matt Emmons

The property drew good activity from investors, Emmons said. “There aren’t a lot of assets available in that 36 corridor, especially in Broomfield, so we got a lot of interest,” he commented.

Featured in CREJ’s Jan. 3-16, 2018, issue

Jill Jamieson-Nichols has been an Editor with the Colorado Real Estate Journal for more than 15 years, providing coverage of office, industrial, hospitality and mixed-use development news in the Denver metro area, plus all property types in Northern Colorado, Boulder County and along the Highway 36 corridor. Prior to joining CREJ, Jill was Editor of Golden's community newspaper, The Golden Transcript. Jill earned a bachelor’s degree in mass communications from Colorado State University-Pueblo. When she's not keeping you up-to-date on the latest happenings in Colorado's commercial real estate market, Jill can be found cross-country skiing, exploring the outdoors with her dog, playing piano, reading, or hanging out with family and friends.