Single Tenant Industrial Building Trades for $2.231 Million
navpoint / July 24, 2014
Aurora, CO – NavPoint Real Estate Group is pleased to announce the sale of the 20,000 SF Industrial Building located at 14777 E. 35th Place in Aurora for $2,231,000. This asset is well located less than 1/2 mile from I-70 near N. Chambers Rd. The building was constructed in 2006 and includes a fenced, paved, secured yard. This investment property has a national credit tenant with several years remaining on the initial lease. The seller was Horizon One, LLC, an entity managed by local real estate developer and investor Joe Niebur. The Purchaser was Merritt 777, LLC, a Colorado limited liability company. Matt Call of NavPoint Real Estate Group represented the seller in the transaction. Sam Ledger and Tim Finholm of Unique Properties, Inc., represented the buyer. This transaction successfully closed July 8th, 2014.
With this most recent sale, NavPoint Real Estate Group has closed over $50,000,000 in sale and lease transactions thus far in 2014. NavPoint Real Estate Group is a comprehensive Commercial Real Estate Services and Investment Firm with office locations in Denver, Castle Rock and Colorado Springs, Colorado. The company provides a wide array of services including Exclusive Brokerage Representation, Property/Asset Management, Consulting, and Investment throughout Colorado and the Western US covering all Commercial Property types. NavPoint brings an acute local market understanding combined with national reach and access to credit tenants and buyers to every client assignment. The firm is currently involved in the exclusive brokerage, ownership, or management or over 1,000,000 SF of commercial real estate covering all property types.
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