Southeast I-25 corridor industrial building commands $11.1 million

252
252
Share this Article
Facebook Twitter LinkedIn Google Pinterest StumbleUpon Email

Arapahoe County

Property Location: 6981 S. Quentin St., Centennial Park Business Center II

Property Description: 76,756-sf warehouse, YOC 2001, concrete

Land Size: 5.724 acres

Sales Price: $11.1M, or $144.61 psf

Reception No.: D8062035

Closing Date: 6/20

Grantor: Centennial Park LLC (Bruce E. Tabb, mbr.)

Grantee: Realty Associates Fund XI Portfolio LP, c/o TA Realty, Boston, MA

Financing: Cash

Comments: Building is 24’ clear; lease rates were $8.50 NNN with $4.24 psf expenses. Tenants include Applied Control Equipment, Velocity Sports Performance & RuMe. T.J. Smith and Brad Calbert of Colliers International represented the seller in this 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 [email protected]

In this article