Colorado Real Estate Journal - August 5, 2015
A Denver group paid $2.6 million for an industrial investment property in Commerce City. SS Land Holdings LLC purchased the property at 5720 Holly St. from Gannett Peak Investments LLC. It consists of a 53,500-square-foot building on 2.93 acres. The property is occupied by two tenants, Reis Environmental and Secured Archives, and also has a vacant unit of 8,000 sf. It offers a close-in location with access to Interstates 70, 76 and 270. Scott Patterson of Ringsby Realty Corp. said there were “quite a few” investors looking at the property because of the quality of the location and the building, which had been well maintained, and also because of a lack of industrial investment opportunities in the Denver market. “Industrial investment properties don’t hit the market too often,” he said. The building was built in 1984. It features 16- to 18-foot ceilings and dock-high loading. Patterson and Alex Ringsby of Ringsby Realty Corp. were the listing brokers. Other News Capital Lumber leased a 42,100-square-foot building on 8.7 acres of land at 6540 Washington St. in Denver, next to its existing location. The transaction allows the company to consolidate its operations onto a contiguous rail-served property in a great location, said Tyler Carner of CBRE. Realterm NAT, an Annapolis, Maryland, investment company, bought the property late last year. Alex Ringsby and Scott Patterson of Ringsby Realty Corp. represented the landlord. Carner and Jeremy Ballenger of CBRE represented Capital Lumber.