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COLORADO REAL ESTATE JOURNAL
— November 4-November 17, 2015
Greater Denver
by Jill Jamieson-Nichols
Alocal investor traded a single-
tenant, net-leased office building
for $5.03 million and used $4.4
million to exchange into a mult-
itenant industrial property.
Advanced Property Services
LLC sold the 13,852-square-foot
office building on 1.8 acres at
1750 Pierce St. in Lakewood to
a California buyer, Hallmark
Investments LLC. DaVita Dialy-
sis occupies
the property
and has 11
years remain-
ing on its ini-
tial lease.
“The DaVita
Dialysis Cen-
ter was a sin-
gle-tenant, tri-
ple-net lease,
which is in
pretty high demand right now,”
said Sam Leger, senior broker
at Unique Properties LLC-TCN
Worldwide. There were numer-
ous offers for the property, said
Leger, who represented the seller
with Tim Finholm, also a senior
broker at Unique.
Constructed in 1985, the build-
ing is located just north of West
Colfax Avenue, near the Rocky
Mountain College of Art and
A local investor sold the DaVita Dialysis Center at 1750 Pierce St. in Lakewood for $5.03 million.
Advanced Property Services LLC completed the up-leg of its 1031
exchange with the acquisition of Springhill Business Center.
Sam Leger
