Colorado Real Estate Journal - January 3, 2018
The Lazydays RV center along Interstate 25 in Longmont sold to an investor for $3.09 million. Aspen Capital Partners LLC purchased the property at 10683 W. Interstate 25 Frontage Road from DS Real Estate LLC. The RV facility consists of a 16,466-square-foot sales and service center on 5.71 acres. Lazydays has operated there since 2015 and has an absolute net lease with four five-year options. The property is located just south of Highway 119, fronting I-25. “We had a lot of interest on it. A lot of people like the location, given it has highway frontage on I-25,” said Brett MacDougall of Unique Properties Inc.-TCN Worldwide, who represented the seller with Marc Lippitt, also of Unique Properties. “It’s a very functional, flexible property, and it has a very strong tenant in it, which I think was most appealing to people,” MacDougall said. Phil Yeddis and Alex Segalas, both of Unique Properties, represented the buyer in the transaction. The property sold $10,000 over the asking price. The capitalization rate was 7 percent. The seller, which exchanged into an office building in Golden, formerly owned RV America, a business that he sold to Lazydays. The Longmont RV center was the second property leased to Lazydays that he has disposed of and the smallest. In September, MacDougall handled the $4.29 million sale of the 11.13-acre Lazydays property at 3610-3640 Chambers Road in Aurora. MacDougall also is part of a Unique Properties team that has the Lazydays property at 4777 Marketplace Drive in Johnstown listed for sale at $13.58 million. That property, which like the Longmont facility sits alongside I-25, consists of a 129,300-sf sales and service center on 27.97 acres.