Tebo exchanges into former First National Bank Longmont building

Boulder County

Property Location: 1726 Hover St., Longmont

Property Description: 16,587-sf rentable area in three-story office building, YOC 2005, brick construction

Land Size: 1.53 acres

Sales Price: $2.3M, or $138.66 psf

Reception No.: 3695706

Closing Date: 1/18

Grantor: EAT-1813, Richard Levy, 1031 trustee for Sunflower Bank

Grantee: Stephen D. Tebo

Financing: Cash

Comments: 5,529 sf available on lower level for $16.50 psf; 5,529 sf available on first floor for $19.50 psf; contact Ben Myers of Tebo Development, 303-447-8326. Building was formerly occupied by bank. Amy Aldridge, Andy Cullen & Jona Behm of Tributary Real Estate Group represented the bank & Richard Levy facilitated the 1031 exchange for Tebo.

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.