User pays $10.65 million for industrial building

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Adams County

Address: 21200 E. 36th Drive, Aurora

Improvements: 122,511-sf industrial facility, YOC 2016, 32’ clear, ESFR sprinklers, 12 dock doors, 2 drive-in doors, 89 parking spaces

Land Size: 6.4 acres

Date of Recording: 11/13

Reception No.: 101561 2017

Price: $10.65M, or $86.53 psf

Grantor: Opus Development Company LLC, Dave Everson, VP

Grantee: STIHL Inc., 536 Viking Drive, Virginia Beach, VA 23452

Comments: Listed by Newmark Knight Frank, Michael Wafer Jr., 303-260-4407, & Michael Wafer, SIOR, 303-260-4242. The building is in core and shell condition and expenses are estimated by the broker at $2.20 psf. The quoted lease rate was $5.95 psf triple net.

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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