Colorado Real Estate Journal - September 16, 2015
A local investor picked up a set of five industrial buildings on 2.06 acres along the new commuter rail line to Denver International Airport for $2.5 million. Located at 4200, 4201 and 4220 Madison St., and 4210 and 4230 Cook St., in Denver, the buildings total 37,212 square feet and were mostly vacant at the time of the sale. The buyer, Onival Realty II LLC, is offering them for lease with an eye on long-term redevelopment potential, according to Eric Gold of API Sheldon-Gold Realty Inc., who represented Onival Realty in the transaction. Gold said the property is ideal for a future transit-oriented development because it is within a couple of blocks of the East Rail station at East 40th Avenue and Colorado Boulevard. The East Rail, or A Line, from Denver Union Station to DIA will open next year. The seller was the Estate of Kenneth W. Nelson. Lev Cohen and Sheldon Hayutin of Weststar Commercial represented the seller in the transaction.